Search Results for "Merger Scheme"

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Bombay High Court Allows Official Liquidator's Report in Winding Up of Transpower Engineering Ltd. — Holds Sale by Liquidator is Formal Transfer Not Subject to Differential Premium. Court exercises powers under Section 446(2) of Companies Act, 1956 to waive extension charges claimed by MIDC.

The Official Liquidator filed a report seeking directions regarding the sale of two industrial plots allotted by MIDC to Transpower Engineering Ltd. (...

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High Court Dismisses Union of India's Challenge to CAT Order Directing Promotion of Retired Employee Under Restructuring Scheme — Delay in Consideration Attributable to Employer, Not Employee.

The petitioner, Union of India through the General Manager, Ordnance Factory Ambarnath, challenged an order of the Central Administrative Tribunal, Bo...

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Bombay High Court Adjudicates Petitions Challenging RBI and Central Government Actions Under Banking Regulation Act, 1949; Interim Stay Granted Against Amalgamation. Court Finds Prima Facie Haste and Lack of Propriety in Decision-Making Process Leading to Status Quo Ante Restoration.

The matter involved two writ petitions before the Bombay High Court challenging actions taken by the Reserve Bank of India (RBI) and the Central Gover...

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Bombay High Court Considers Challenge to SBI Mutual Fund Merger and Directs SEBI Impleadment to Assess Regulatory Compliance. Court Examines Maintainability Under Article 226 and the Validity of Merger Based on Prevailing NAV Without Investor Meeting in Light of SEBI (Mutual Funds) Regulations, 1996.

The Petitioner, appearing in person, filed a writ petition under Article 226 of the Constitution challenging the merger of the SBI One India Fund with...

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Supreme Court Allows Appeal in ACP Scheme Dispute — Deployment as Radio Telephone Operators Held Not a Promotion. Reorganisation of Posts Without Selection Process Does Not Disentitle Employees to Assured Career Progression Benefits Under Office Memorandum Dated 9.8.1999.

The appellants, Telephone Operators with the Delhi Fire Service (DFS), were deployed as Radio Telephone Operators (RTOs) in a higher pay scale followi...

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Bombay High Court Upholds Industrial Tribunal Award Granting Merger of Dearness Allowance with Basic Pay for Municipal Employees. The court held that the Tribunal's decision to merge DA with basic pay and grant consequential benefits was within its jurisdiction and not perverse.

The petitioner, Sangli Miraj Kupwad Cities Municipal Corporation, challenged an award dated 28 February 2011 passed by the Industrial Tribunal, Sangli...