Scheme of revival and rehabilitation

Sec 261 of the Companies Act 2013 (1) The company administrator shall prepare or cause to beprepared a scheme ofrevival and rehabilitation of the sick company after consideringthe draft scheme filed along with the application under section 254. (2) A scheme prepared in relation to any sick company undersub-section (1) mayprovide for any one or more of the following measures, namely:—(a)...

Appointment of interim administrator

Sec 256 of the Companies Act 2013 (1) On the receipt of an application under section 254, theTribunal shall, not later than seven days from such receipt,—(a) fix a date for hearing not later than ninety days fromdate of its receipt;(b) appoint an interim administrator to convene a meetingof creditors of the company in accordance with the provisions of section 257 tobe held not later than...