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Bombay High Court Quashes Stay on Swadeshi Mills Winding Up: Holds Revival Proposal as Veiled Attempt to Exploit Prime Land, Emphasizes Public Interest, Transparency, and Commercial Morality Under Section 466 of the Companies Act
Court’s Decision The Bombay High Court set aside two impugned orders: one dated October 9, 2023, and another dated December 21, 2022, passed by the Company Court. These orders had…
