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TypeBare Act JurisdictionCentral Government

Companies Act, 2013, Section 321

Arrangement when Binding on Company and Creditors

~1 min read
https://sooperkanoon.com/act/62718

Bare act section · Research

About this section

Companies Act, 2013, Section 321 is part of Companies Act, 2013, - Arrangement when Binding on Company and Creditors. Read the section text below and explore Indian court judgments that cite it.

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Section Text

(1) Any arrangement other than the arrangement referred to in section 319 entered into between the company which is about to be, or is in the course of being wound up and its creditors shall be binding on the company and on the creditors if it is sanctioned by a special resolution of the company and acceded to by the creditors who hold three-fourths in value of the total amount due to all the creditors of the company.

(2) Any creditor or contributory may, within three weeks from the completion of the arrangement, apply to the Tribunal and the Tribunal may thereupon amend, vary, confirm or set aside the arrangement.

Frequently asked questions

What does Companies Act, 2013, Section 321 provide?

Section Section 321 of the Companies Act, 2013, (Arrangement when Binding on Company and Creditors) is reproduced on this page as part of the Companies Act, 2013,. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Companies Act, 2013, Section 321?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Companies Act, 2013, Section 321. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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