NCLAT suspends Delhi Gymkhana board, permits takeover by government-appointed administrator
An appellate tribunal has handed over the management of the Delhi Gymkhana Club to a government-nominated administrator by suspending the 107-year old club’s general committee (GC) over findings of mismanagement by the ministry of corporate affairs (MCA), on Monday. Granting interim relief to the MCA, the National Company Law Appellate Tribunal (NCLAT) also directed that … Read more