Summary
- The Rajasthan High Court has dismissed a revision petition, affirming that oral agreements between companies are permissible under the Companies Act, 2013.
- The court rejected objections claiming that such agreements must be in writing and noted that general contract law applies in the absence of a specific prohibition.
- It distinguished previous rulings based on repealed provisions of the Companies Act, emphasizing that no current law mandates written agreements for sales.
- This ruling could reshape how corporate agreements are interpreted, allowing more flexibility in business transactions.
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