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Search Results for "Liquidation"

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Tribunals

NCLAT Upholds Sale of Corporate Debtor as Going Concern in Liquidation — Confirms Immunity Under Section 32A IBC. Liquidator's Application for Confirmation of Sale and Immunity Allowed Despite Objections from Suspended Directors.

27 Sep 2024

The appeal arose from a common order dated 27.09.2024 passed by the NCLT, Chennai, in IA(IBC)/415/2024, IA(IBC)/1701/2023, and IA(IBC)/1757/2023 in th...

High Court

Bombay High Court Declares Sale of Company Property During Winding Up as Null and Void. Transfer of Leasehold Rights Without Court Permission Under Section 536(2) of Companies Act, 1956 Is Invalid.

5 Sep 2012

The Official Liquidator filed a report seeking directions regarding the property of Hindustan Transmission Products Ltd. (HTPL), which was in liquidat...

Supreme Court

Supreme Court Dismisses Appeal of Prospective Purchaser in Insolvency Sale — Liquidator Not Obliged to Extend Time for Payment Under IBC. Time extension for payment of sale consideration in liquidation is a commercial decision for the liquidator and stakeholders, not a matter of right for the purchaser.

10 Dec 2025

The case involves an appeal by Appellant against the dismissal of its appeals by the National Company Law Appellate Tribunal (NCLAT) regarding the ref...

High Court

High Court of Karnataka Allows Liquidator's Appeal, Upholds Forfeiture of EMD and PDM for Default by Successful Bidder in Liquidation Sale. Writ Petitioner's Failure to Pay Balance Sale Consideration Within Stipulated Time Justified Forfeiture Under IBC Regulations.

12 Dec 2025

The appellant, Sri Pankaj Srivastava, Liquidator of M/s Samrudhi Realty Ltd., appealed against an order dated 12.12.2024 passed by a learned Single Ju...

High Court

Bombay High Court Directs Official Liquidator to Hand Over Possession and Pay Arrears of Rent and Taxes to Lessor in Company Liquidation. Lease Renewal Option Not Exercised, Lease Terminated, Official Liquidator Liable as Tenant at Will.

27 Aug 2010

The Applicant, M/s. Hardcastle Waud Manufacturing Company Limited, is the owner of a large portion of land at Netivali Baug, Kalyan, out of which a po...

High Court

Bombay High Court Dismisses Appeal Against Official Liquidator's Decision to Sell Company Assets as a Going Concern. Court Upholds Liquidator's Discretion Under Companies Act, 1956 to Reject Private Offers and Proceed with Public Auction for Maximizing Value.

19 Oct 2011

The case involves a Company Appeal filed by the legal heirs of Umashankar Saraf and other family members against the Official Liquidator of M/s. Rai B...

High Court

Bombay High Court Declares Assignment of Assets by Ex-Director Void Under Sections 536(2) and 537(1)(b) of Companies Act, 1956 — Post-Winding Up Sale Without Court Leave Invalid. The court held that any disposition of company property after winding up without court approval is void, and subrogation does not permit sale of assets without leave of the court.

21 Oct 2015

The judgment concerns two reports filed by the Official Liquidator seeking a declaration that a Deed of Assignment dated 14.03.2012 executed by Mr. Sh...

Tribunals

NCLAT Allows Liquidator's Appeal in Insolvency Case, Directs NLC India to Pay Rs. 40.98 Crores for Unpaid Dues. The Tribunal held that the Liquidator is entitled to recover amounts due under contracts executed before liquidation, including substation maintenance charges, retention amount, and unpaid invoices, as the claims arose prior to the liquidation commencement date.

30 Nov -0001

The Appellant, Mr. Amier Hamsa Ali Abbas Rawther, is the Liquidator of LSML Private Limited (Corporate Debtor). He filed an application (IA(IBC)/1618/...

Tribunals

NCLAT Dismisses Appeal of Successful Auction Purchaser in IBC Liquidation Sale Dispute — Clarification of Sale Certificate Rejected. The Appellate Tribunal held that the Liquidator's issuance of sale certificate without mentioning the date of handing over possession does not entitle the auction purchaser to seek modification of the certificate after confirmation of sale.

6 Jan 2025

The appellant, M/s. Sri Vethaa Dairy Private Limited, was the successful auction purchaser in the liquidation process of M/s. GHO Agro Private Limited...

Tribunals

NCLAT Dismisses Appeal Against Liquidation Order in Insolvency Case — Appellant Failed to Show Viable Revival Plan or Error in Impugned Order. Corporate Debtor's Liquidation Upheld as No Resolution Plan Was Received and Appellant's Offer Was Not a Valid Plan Under IBC.

30 Nov -0001

The case involves an appeal filed by P. Naveen Chakravarthy (the appellant) against an order dated 27.01.2021 passed by the Adjudicating Authority (Na...

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