If the members or the CD or creditors approach the company through the liquidator for compromise or arrangement by making proposal of payment to all the creditor(s), the Liquidator on behalf of the company will move an application u/s 230 of the Companies Act, 2013 before the AA-M/s. C. Mahendra International Ltd. Vs. Shri Naren Sheth & Anr.-NCLAT

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