Minister of State for Corporate Affairs and Law & Justice PP Chaudhary has said in the Rajya Sabha that as on this March 12, only one case under Section 55(3) of the Companies Act, 2013 is pending before the NCLT. Section 55 of the 2013 Act contains provisions on redemption of preference shares.The minister further stated that a total of 9,073 cases were under consideration in NCLT as...
