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Search Results for "Official Liquidator"

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Supreme Court

Supreme Court Dismisses Appeal by Cooperative Bank Challenging Auction Sale of Liquidated Society's Property — No Undervaluation or Procedural Irregularity Found. The Court held that the auction sale conducted by the Liquidator under the Maharashtra Cooperative Societies Act, 1960 was valid and not vitiated by mala fides, as the appellant failed to object at the relevant time and the sale fetched a fair price.

4 Oct 2024

The appellant, Ahmednagar District Central Cooperative Bank Ltd., sanctioned a cash credit loan of ₹95 lakh to Mula Sahakari Soot Girni Ltd., a coop...

Supreme Court

Supreme Court Allows Appeals by Government of Odisha and TPG Equity Management in Mining Lease Renewal Dispute — Directs High Powered Committee to Decide on Renewal of Three Mining Leases Within Three Months. The court upheld the direction for formation of a High Powered Committee comprising representatives of the Central Government, Government of Odisha, and Odisha Mineral Development Company Ltd to decide on renewal of three mining leases within three months, after hearing TPG Equity Management Private Ltd.

17 May 2024

The case involves a dispute over the renewal of three mining leases (Kolha-Roida, Thakurani, and Dalki) originally granted to Bird and Company Limited...

High Court

Bombay High Court Quashes Process Against Directors in Cheque Dishonour Case Due to Lack of Specific Averments of Vicarious Liability Under Section 141 of NI Act. The court held that mere description as director without specific averments of being in charge of and responsible for the conduct of business is insufficient to attract vicarious liability under Section 141 of the Negotiable Instruments Act, 1881.

19 Aug 2022

The applicants, Nizar Noorali Rangara and another, were directors of M/s. Rangara Industries Private Limited, a company in liquidation. The respondent...

High Court

Bombay High Court Quashes EPF Recovery Notices Against Purchaser of Company in Liquidation — Section 17B of EPF Act Not Attracted When Transfer is by Official Liquidator Under Court Supervision. The court held that the Official Liquidator is not the 'employer' under Section 17B of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, and the sale by him does not attract joint liability for prior provident fund dues.

23 Nov 2017

The petitioner, Vibhu Drinks Private Limited, purchased a property from the Official Liquidator of M/s Niranjan Ayurved Bhavan Limited (a company in l...

High Court

Bombay High Court Allows PF Commissioner's Challenge Against Official Liquidator's Rejection of Damages and Interest Claims in Winding Up. Priority under Section 11(2) of Employees' Provident Funds and Miscellaneous Provisions Act, 1952 extends to damages under Section 14B and interest under Section 7Q.

6 Jan 2016

The Regional Provident Fund Commissioner, Thane, filed a Company Application challenging the adjudication order of the Official Liquidator, High Court...

High Court

Bombay High Court Allows PF Commissioner's Claim for Interest Under Section 7Q Up to Winding Up Date in Company Liquidation. Priority Under Section 11(2) of PF Act Extends to All Dues Including Interest, But Damages Under Section 14B Must Be Levied Prior to Winding Up.

6 Jan 2016

The Regional Provident Fund Commissioner, Thane, filed a Company Application challenging the adjudication order of the Official Liquidator of M/s. Zod...

High Court

High Court of Karnataka Allows Appeal by Liquidator in Recovery Suit Against Bank for Wrongful Payment After Liquidation — Bank Liable to Pay Fixed Deposit Amount to Liquidator Despite Payment to Company Director After Winding Up.

1 Apr 2015

The plaintiff, Gowribidanur Sahakara Sakkare Karkhane Ltd., a co-operative society under liquidation, filed a suit for recovery of money against India...

High Court

Bombay High Court Allows Auction Purchasers' Challenge to Property Tax Demand — Municipal Corporation Cannot Recover Pre-Auction Arrears from Auction Purchaser Under Section 208B of Mumbai Municipal Corporation Act, 1888. The court held that auction purchasers who bought property through a court-ordered auction conducted by the Official Liquidator are not liable for property tax arrears that accrued prior to the auction.

21 Nov 2006

The petitioners, auction purchasers of a property formerly owned by Jayanti Business Machines Ltd. (in liquidation), challenged a demand by the Munici...

High Court

Bombay High Court Restrains Interference with Possession of Tenants in Wound-Up Company Property — Leave to Sue Official Liquidator Granted. Tenants of galas in a company ordered to be wound up are entitled to protection of possession and may sue the Official Liquidator with leave of the Court.

13 Jan 2006

The case involves an application by tenants (Automobile & Agricultural Industries) seeking an order restraining the Official Liquidator and others fro...

High Court

Bombay High Court Convicts Directors for Contempt of Court in Winding Up Case - Breach of Undertaking and Removal of Seals Leads to Conviction. Wilful Disobedience of Court Order Constitutes Civil Contempt Under Sections 2 and 12 of the Contempt of Courts Act, 1971.

7 Jun 2005

The present show cause notice was issued under Section 2 read with Section 12 of the Contempt of Courts Act, 1971 and Article 215 of the Constitution ...

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