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Join The Ultimate Workbook Solving Session 📝
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PROFESSIONAL LEVEL QUIZ 🏆
In the context of approval of schemes under Section 230, courts have often deferred to the "commercial wisdom" of creditors and members. This principle implies:
In the context of approval of schemes under Section 230, courts have often deferred to the "commercial wisdom" of creditors and members. This principle implies:
Anonymous Quiz
23%
NCLT must review and approve only those schemes that generate profit within 3 years.
51%
NCLT won't interfere with the commercial merits of a scheme if procedure and fairness are ensured
15%
Creditors are not required to vote if the board approves the scheme.
11%
NCLT must always seek RBI and SEBI approval before allowing commercial restructuring.
👍3
FINAL LEVEL QUIZ 🏆
A scheme of compromise proposes to extinguish the rights of a dissenting class of preference shareholders. Which of the following is legally accurate?
A scheme of compromise proposes to extinguish the rights of a dissenting class of preference shareholders. Which of the following is legally accurate?
Anonymous Quiz
7%
The scheme can proceed if it has the board’s approval.
56%
Rights of a class cannot be extinguished unless it consents through a separate meeting and voting.
28%
The Tribunal can forcefully extinguish rights if it believes the scheme is in public interest.
9%
No separate class voting is required under Section 230–232.
👍2
Forwarded from Divya Agarwal Mam (AIR 3)
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FOUNDATION QUIZ
A enters into an agreement with B who has robbed A of 10,000 to drop prosecution against him in consideration of B's returning 8,000. Afterwards B refused to pay. A can get from B
A enters into an agreement with B who has robbed A of 10,000 to drop prosecution against him in consideration of B's returning 8,000. Afterwards B refused to pay. A can get from B
Anonymous Quiz
18%
(a) ₹ 8,000
6%
(b) ₹100
41%
(c) Nothing
35%
(d) 10,000 plus damages
👍1
CSEET QUIZ
A mere attempt to deceive a party to a contract:
A mere attempt to deceive a party to a contract:
Anonymous Quiz
37%
(a) is fraud even though the party is not deceived
38%
(b) is not fraud unless the party is actually deceived
16%
(c) amounts to coercion
9%
(d) amounts to misrepresentation
👍1
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