Govt moves to take over Gymkhana Club ...Middle East

News by : (The Times of India) -
The petition was filed by the ministry of corporate affairs in the National Company Law Tribunal, seeking action under Section 241 and 242 of the Companies Act that allows a member of a company or the government to seek relief if the affairs of the entity are being run in a manner “prejudicial to public interest” or is “oppressive”, among other things.

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