Search Results for "Liquidation"

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Search Results for "Liquidation"

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High Court

Bombay High Court Quashes Industrial Court Order Dismissing ULP Complaints of Bank Employees; Holds Claims for Unpaid Wages Not Barred by Limitation or Section 107 of Maharashtra Co-operative Societies Act, 1960. Recurring Cause of Action Principle Applied to Dearness Allowance Claims; Registrar Directed to Grant Permission Under Section 107.

5 Dec 2016

The two writ petitions were filed by employees of Shri P.K. Anna Patil Janta Sahakari Bank Ltd., which had been placed under liquidation. The petition...

Tribunals

NCLAT Allows Appeal Against NCLT Order Dismissing Section 7 Application as Abated Due to Death of Corporate Debtor's Director. The Tribunal held that the death of a director does not abate proceedings under the Insolvency and Bankruptcy Code, 2016, and the Resolution Professional can continue the process.

30 Nov -0001

The appeal arises from an order of the National Company Law Tribunal (NCLT), Bengaluru Bench, dated 30.12.2019, which dismissed IA No.47/2019 in CP(IB...

Supreme Court

Supreme Court Dismisses Corporate Debtor's Appeal Against NCLT Order Admitting Insolvency Application Under Insolvency and Bankruptcy Code, 2016. Maharashtra Act Moratorium Does Not Bar Insolvency Proceedings as Section 238 of the Code Overrides Inconsistent State Laws.

1 Aug 2026

The appeal arose from the first application under the newly enacted Insolvency and Bankruptcy Code, 2016. The corporate debtor, a multi-product compan...

High Court

Bombay High Court Directs Official Liquidator to Adjudicate Workmen's Claims in Winding Up of KMA Ltd. Under Sections 529A and 530 of Companies Act, 1956. Industrial Court's Order on Unpaid Wages Held Binding on Official Liquidator.

6 Jan 2016

The judgment concerns two company applications filed in the winding up of KMA Ltd. (in liquidation). Company Application No.593 of 2011 was filed by a...

High Court

High Court of Bombay Directs Re-adjudication of 21 Employees' Claims; Dispute on Interest and Bonus Under Winding-Up Not Resolved in Extracted Judgment Text. The court granted partial relief by allowing prayer (b) for re-adjudication of claims of 21 workmen due to discrepancies, while the final decision on prayer (a) concerning statutory interest, bonus, and provident fund contribution under the Companies Act, 1956 is not discernible from the incomplete text.

4 Aug 2006

The case concerns a company application filed by the Engineering Workers Association, representing 121 employees of M/s. Poysha Industrial Co. Ltd., w...

High Court

Bombay High Court Dismisses Bank and Sugar Factory's Petitions Challenging Auction of Cooperative Sugar Factory Assets. Held that the Bank as a secured creditor has a paramount charge over the property and the auction sale cannot be set aside after confirmation and payment.

30 Nov -0001

The case involves a dispute over the auction sale of assets of Doulat Shetkari Sahakari Sakhar Karkhana Ltd., a cooperative sugar factory, by the Kolh...

High Court

The High Court of Judicature at Bombay, Nagpur Bench, Nagpur Considered Applications to Quash Six Criminal Complaints Under Section 138/141 of the Negotiable Instruments Act, 1881. The Court Examined Whether Former Directors of a Company Undergoing Insolvency Resolution and Liquidation Could Be Liable for Dishonoured Cheques Issued After Moratorium.

3 Jul 2025

The applicants, four individuals who were directors or former directors of Venus Rolling Mills Private Limited (accused No.1), filed six criminal appl...

High Court

Bombay High Court Dismisses Writ Petition Challenging E-Auction Sale Due to Alternate Remedy Under SARFAESI Act. Petitioner, as second highest bidder, alleged collusion and system malfunction but was directed to approach Debts Recovery Tribunal.

5 Nov 2020

The petitioner, Radhika Rajesh Agarwal, filed a writ petition under Article 226 of the Constitution of India before the Bombay High Court challenging ...

High Court

Bombay High Court Quashes Condition Imposed on Transfer of Shares in Co-operative Society in Liquidation — Deputy Registrar Exceeded Jurisdiction Under Section 22 of Maharashtra Co-operative Societies Act, 1960. The court held that the Deputy Registrar cannot require a no objection certificate from the liquidator as a condition for transfer of shares, as such condition is not contemplated by the Act.

20 Jun 2018

The petitioners, Neeta Ratnakar Salunke and her two minor daughters, were members of the Nashik Co-operative Credit & Capital Society Limited, which w...

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...

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