Search Results for "demerger scheme"

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Search Results for "demerger scheme"

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High Court

Bombay High Court Allows Writ Petition Directing Registration of BIFR Orders Under Registration Act, 1908 for Property Transfer by Operation of Law. BIFR orders sanctioning a scheme of revival-cum-demerger under SICA Act are documents affecting immovable property and require registration under Section 17(1)(b) of the Registration Act, 1908; refusal to register on ground of non-exemption is not justified.

6 May 2026

The Petitioner, Swayam Realtors & Traders LLP, originally a company under the Companies Act, 1956 and later converted into an LLP under the Limited Li...

Supreme Court

Supreme Court Allows Appeals by State Bank of India in Jet Airways Insolvency Case — Holds Performance Bank Guarantee Cannot Be Adjusted Against Resolution Plan Payment and Non-Implementation Leads to Liquidation. The Court ruled that the SRA's failure to pay airport dues and employee dues constituted non-implementation of the Resolution Plan under Section 33(3) IBC, 2016, and the PBG cannot be set off against the first tranche payment.

13 Nov 2024

The case pertains to the Corporate Insolvency Resolution Process (CIRP) of Jet Airways (India) Limited, initiated by State Bank of India (SBI) under S...

High Court

Bombay High Court Allows Writ Petition in Stamp Duty Dispute on Amalgamation Scheme — Reduction of Share Capital Prior to Merger Must Be Considered for Valuation. Court holds that stamp duty under Article 25(da) of Maharashtra Stamp Act, 1958 is payable on the market value of shares as on appointed date, which includes the reduced share capital sanctioned by High Court.

25 Sep 2024

The petitioner, J. P. Morgan Securities India Pvt. Ltd., filed a writ petition challenging the rejection of its appeal under Section 53(1A) of the Mah...

Supreme Court

Supreme Court Allows Appeal Against DDA's Demand for Unearned Increase in Amalgamation Case. Amalgamation of Companies Under Court Order Does Not Amount to 'Transfer' Under Lease Deed Clause II(4)(a).

17 Apr 2024

The appellant, M/s. Jaiprakash Industries Ltd. (now M/s. Jaiprakash Associates Ltd.), was the transferee company resulting from the amalgamation of M/...

Supreme Court

Supreme Court Hears Appeals in Service Law Dispute Over Cadre Demerger and Promotional Avenues. The case involves appellants challenging a High Court judgment that set aside a Single Judge's order allowing writ petitions regarding the demerger of Accounts Clerk cadre and lack of promotional opportunities.

25 Apr 2023

The dispute involved a service law matter concerning the cadre structure and promotional avenues for Accounts Clerks. The appellants were appointed as...

High Court

Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

23 Dec 2016

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

High Court

Bombay High Court Allows Winding Up Petition to Proceed Despite Pending Arbitration — Arbitration Not a Bar to Section 439 Companies Act Proceedings. Company Court directed to consider winding up petition on its own merits, as arbitration proceedings do not bar winding up under Section 439 of the Companies Act, 1956.

29 Jan 2016

The appellant, M/s. Corporate Ispat Alloys Ltd., filed a winding up petition under Section 439 of the Companies Act, 1956 against the respondent, M/s....

High Court

Bombay High Court Allows Winding Up Petition to Proceed Despite Pending Arbitration — Arbitration Does Not Bar Winding Up Proceedings Under Section 439 of Companies Act, 1956. The Court held that winding up proceedings are independent of arbitration and the Company Court must consider the petition on its merits without postponement due to arbitration.

29 Jan 2016

The appellant, M/s. Corporate Ispat Alloys Ltd., filed a winding up petition under Section 439 of the Companies Act, 1956 against the respondent, M/s....

High Court

Bombay High Court Dismisses Appeal Against Sanction of Scheme of Arrangement Under Sections 391 and 394 of Companies Act, 1956 — Scheme Already Implemented, Appeal Devoid of Merit. The court held that once a scheme of arrangement is implemented, an appeal against the sanction order is not maintainable, and the appellant's remedy lies in separate arbitration proceedings.

15 Oct 2013

The appeal was filed by Laxmi Pat Surana against the judgment and order of the learned Company Judge dated 1 March 2013, which sanctioned a scheme of ...

High Court

Bombay High Court Recalls Sanction of Demerger Scheme Due to Non-Compliance with Stamp Duty Condition. The court held that failure to pay stamp duty on the order within the prescribed period renders the order liable to be recalled under inherent powers.

14 Aug 2012

The applicants, Unique Delta Force Security Private Ltd. (Resulting Company) and Sumeet Facilities Pvt. Ltd. (Demerged Company), filed applications se...

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