Comments
The Company Law Board (CLB) has adjourned till September 2 hearing on the Ministry of Corporate Affairs (MCA) petition to supersede the Board of Financial Technologies (India) Ltd (FTIL).
At the CLB hearing today, the CLB Chairman M M Kumar also directed FTIL to maintain status quo (on sale of assets) till September 2 without affecting the operations of the company.
The MCA had on February 25 moved the CLB to supersede the FTIL Board.
FTIL had opposed the Corporate Affairs Ministry's petition to CLB to supersede the Board.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.