High Court of Karnataka Dismisses Petition Seeking Winding Up of Bangalore Development Authority for Non-Payment of Arbitral Award. Court holds that a statutory authority cannot be wound up under the Companies Act, 2013, and the remedy lies in execution of the award under the Arbitration and Conciliation Act, 1996.
4 Sep 2019The petitioner, IL&FS Engineering and Construction Company Ltd. (formerly Maytas Infra Ltd.), a company engaged in infrastructure construction, had an...
