NCLT asks directors to seek approval before traveling abroadFebruary 11 2019
The Mumbai Bench of NCLT has recently asked four directors of Gammon India Ltd. to not leave the country without obtaining its permission.
This order was passed by NCLT while a Section 7 filing made by Union Bank of India is currently pending before the NCLT. Previously, two applications were filed by operational creditors against Gammon but both were dismissed.
While Gammon was under the CDR Scheme, it ran into trouble after RBI put an end to all restructuring . . .
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