Section 263 of Companies Act 2013 :-
Scheme to be binding.
On and from the date of the coming into operation of the sanctioned scheme or any provision thereof, the scheme or such provision shall be binding on the sick company and the transferee company or, as the case may be, the other company and also on the employees, shareholders, creditors and guarantors of the said companies.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 263 Companies Act 1956 has been repealed.
Scheme to be binding.
On and from the date of the coming into operation of the sanctioned scheme or any provision thereof, the scheme or such provision shall be binding on the sick company and the transferee company or, as the case may be, the other company and also on the employees, shareholders, creditors and guarantors of the said companies.
India's Important Case Laws and Landmark Judgments on Companies Act 2013.
Section 263 Companies Act 1956 has been repealed.
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