Search Results for "creditor companies"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Bombay High Court Dismisses Writ Petition Challenging Concurrent Findings in Sui...
Supreme Court Upholds Refusal to Eschew Proof Affidavit in Probate Proceedings. ...
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Search Results for "creditor companies"

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High Court

Bombay High Court Allows Scheme for Small Fixed Deposit Holders in Winding-Up Petition Against Lloyds Finance Ltd. — Court directs framing of scheme to repay small depositors instead of winding up the company, considering that winding up would leave no recovery for any creditor.

3 Feb 2005

The judgment arises from a winding-up petition filed by Shri Basant Lal Agarwal against M/s. Lloyds Finance Ltd. for recovery of Rs. 3,75,00,000 advan...

High Court

Bombay High Court Dismisses Writ Petition by Kotak Mahindra Bank Seeking Priority Over Secured Creditors in Liquidation Proceeds of Hukumchand Mills Ltd. The Court held that the Official Liquidator's decision to distribute sale proceeds among secured creditors in accordance with Section 529A of the Companies Act, 1956 was correct and that the petitioner, as an unsecured creditor, was not entitled to priority.

30 Nov -0001

The petitioner, Kotak Mahindra Bank Limited, filed a writ petition challenging the decision of the Official Liquidator of Hukumchand Mills Ltd. to dis...

High Court

Bombay High Court Dismisses Winding-Up Petition as Time-Barred Under Limitation Act — Acknowledgment Letters Do Not Extend Limitation Beyond Three Years. The court held that a winding-up petition under Sections 433 and 434 of the Companies Act, 1956 must be filed within three years from the last acknowledgment of debt; otherwise, it is barred by limitation.

2 Mar 2006

The petitioner, Uma Kumar, proprietor of Kandhan Electricals & Engineers, filed a winding-up petition under Sections 433 and 434 of the Companies Act,...

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. The court held that the Official Liquidator must consider the Industrial Court's order dated 2 July 2005 in adjudicating claims of workmen.

6 Jan 2016

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

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

Bombay High Court Allows Writ Petition Challenging BIFR Order in SICA Reference — Holds That BIFR Cannot Reopen a Duly Sanctioned Scheme Without Jurisdiction Under Section 18 of SICA. The court quashed the BIFR order reopening a sanctioned scheme, ruling that the BIFR lacks inherent powers to review or modify a final scheme under the Sick Industrial Companies (Special Provisions) Act, 1985.

25 Apr 2011

The petitioner, Kotak Mahindra Bank Limited, challenged an order dated 25.1.2011 passed by the Board for Industrial and Financial Reconstruction (BIFR...

High Court

Karnataka High Court Dismisses Appeal for Impleadment in Winding Up Proceedings Due to Lack of Shareholding and Delay. Appellant, who sold his shares and ceased to be a shareholder, cannot seek impleadment in company winding up proceedings under Section 483 of the Companies Act, 1956.

25 Feb 2015

The appellant, Dr. Kirtivan D. Kotian, along with his family members, originally held over 95% shares of M/s S. Manikya Plastichem Private Limited and...

Tribunals

NCLAT Dismisses Appeal Against EGM for Share Capital Increase in Insolvency Context — No Prima Facie Case for Injunction as RP Had Not Objected to Proposed Resolution Plan. The court held that the appellant, a financial creditor with 99.41% voting share in the CoC, failed to establish a prima facie case for restraining the EGM of a subsidiary company to increase its authorized share capital, as the RP had not objected to the proposed restructuring.

28 Oct 2025

The case involves an appeal filed by GLAS Trust Company LLC, the principal financial creditor of Think and Learn Private Limited (TLPL), which is unde...

High Court

Bombay High Court Allows Winding Up Petition Against Company for Default on Convertible Bonds — Administrator Appointed to Protect Creditor Interests. The court upheld the admission of the winding up petition and appointment of an administrator based on the company's failure to repay convertible bonds under trust deeds.

2 Sep 2013

The appeals arose from an order of the Learned Single Judge on a Company Petition for winding up. By the impugned order, the Learned Single Judge admi...

High Court

Bombay High Court Allows Auction Purchasers' Challenge to Property Tax Demand — Municipal Corporation Cannot Recover Pre-Auction Arrears from Auction Purchaser Under Section 208B of Mumbai Municipal Corporation Act, 1888. The court held that auction purchasers who bought property through a court-ordered auction conducted by the Official Liquidator are not liable for property tax arrears that accrued prior to the auction.

21 Nov 2006

The petitioners, auction purchasers of a property formerly owned by Jayanti Business Machines Ltd. (in liquidation), challenged a demand by the Munici...

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