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Scheme of revival to take over management of co.-in-liquidation couldn't be accepted: Delhi HC

May 10, 2019[2019] 105 19 (Delhi)

CL: Where an entity whose background was unknown proposed to revive company-in-liquidation but scheme of revival sought to take over management of company-in-liquidation, said scheme could not be termed as just, fair or reasonable as it completely lacked bona fide and thus, application for revival was to be dismissed

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