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Dismissed: Delhi High Court's Territorial Jurisdiction Affirmed in Dispute Involving Bhushan Steel, Arcadia Shipping, and TYO Trading Enterprises. Delhi High Court holds territorial jurisdiction valid, dismisses Arcadia's appeal on compartmentalizing transactions.

Appeal against the decision of the Delhi High Court's Division Bench was dismissed by the Supreme Court. The Court affirmed that the Delhi High Court ...

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High Court Dismisses Appeal Against Winding-Up Order in Bond Default Case; Upholds Adverse Remarks Against Directors for Fund Diversion. Company Found Unable to Pay Debts and Substratum Lost, Justifying Winding Up Under Sections 433(e) and 433(f) of Companies Act, 1956.

The appeal arose from a winding-up order passed by the learned company Judge against Zenith Infotech Limited (the appellant) in a petition filed by Th...