Lex Favios is a full service Law Firm with offices in Delhi and Mumbai
Our Firm is a multi-disciplinary law firm providing a wide range of transactional, regulatory, corporate advisory and dispute resolution services The Firm is committed to finding practical solutions that produce tangible and cost effective results for its clients. The cornerstone of our philosophy is to safeguard and advance the clients’ interest effectively and efficiently.
On June 05, 2025, the NCLT, Chennai, allowed suspended directors of Call Express Construction India Pvt. Ltd. to compound the delay in holding AGMs for FYs 2018–19 to 2020–21, caused by internal disputes...
On June 05, 2025, the NCLT, Chennai, allowed suspended directors
of Call Express Construction India Pvt. Ltd. to compound the delay
in holding AGMs for FYs 2018–19 to 2020–21, caused by
internal disputes, COVID19 disruptions, and the initiation of CIRP.
Recognizing the company's liquidation status and the
directors' lack of control post-CIRP, the Tribunal imposed only
the minimum compounding fine. It found no prejudice to stakeholders
and directed the RoC to mark compliance upon payment. The decision
effectively concluded related legal proceedings pending before the
Economic Offences Court.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
