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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A group seeks substantive consolidation of related companies under Section 7. It shows common control and common creditors but refuses to establish voluntary accession of the related enterprise or benefit to all concerned. It says procedural joinder automatically supplies substantive consolidation. Which is correct?

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Joinder is distinct; the stated substantive-consolidation conditions cannot simply be omitted The court must ignore separate personality in every group case Every joinder merges all assets Voluntary accession is legally irrelevant

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