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High Court of Karnataka Allows Condonation of Delay in Filing Revised E-Form INC-28 for Voluntary Dissolution. Court Permits Correction of Company Status from 'Under Liquidation' to 'Dissolved' Under Sections 637B, 446(2), 481 of Companies Act, 1956.

The applicant, M/s. Plyworth Marketing India Pvt. Ltd. (under liquidation), filed Company Application No.32/2019 in O.L.R. No.9/2017 before the High C...

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Bombay High Court Considers Writ Petition Challenging DRAT Order on Sale of Secured Asset under SARFAESI Act. The Court Examines Whether Sale on 'As Is Where Is' Basis Was Validly Confirmed and Whether DRAT Erred in Setting It Aside.

The matter arises from a writ petition filed under Article 226 of the Constitution of India before the High Court of Bombay. The petitioner, Asset Rec...

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High Court of Karnataka Dismisses Writ Petitions Challenging Voluntary Retirement Scheme Computation for Sick Unit Employees. Computation of ex-gratia amount under VRS for sick units based on last drawn salary and remaining service is valid and not arbitrary.

The petitioners were employees of Mandya National Paper Mills (MNPM), a company incorporated under the Companies Act that suffered huge losses. The Ce...

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Bombay High Court Allows Winding Up Petition Against Debtor Company for Non-Payment of Decretal Debt. Decretal debt remains due and payable despite unsuccessful attempt to set aside ex-parte decree; no bona fide defence raised.

The petitioner, Gati Ltd., filed a winding up petition under Sections 433 and 434 of the Companies Act, 1956 against the respondent, Atcom Technologie...

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Bombay High Court Dismisses Appeal by Official Liquidator Against Summary Decree for Non-Filing of Written Statement. Failure to Raise Defence Despite Leave to Defend Granted Under Order 37 CPC Leads to Dismissal of Appeal.

The respondent, Prabha P. Shenai, instituted a summary suit under Order 37 of the Code of Civil Procedure, 1908 (CPC) against M/s. Crown Maritime Comp...