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Thirumalai Dasan K   29 November 2022

Can a property of pvt ltd company be sold when appeal is pending at nclt

Dear Experts,

Our company won the case in NCLT. The opposite party filed an appeal belatedly. Can the property of Pvt Ltd company be sold by the management when appeal is pending at NCLT.

Thanks 

 



Learning

 2 Replies

P. Venu (Advocate)     29 November 2022

The property could be sold if there is no stay or an Order to maintain status quo.

Thirumalai Dasan K   29 November 2022

Thanks a lot for your reply

 


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