High Court of Judicature at Bombay, Ordinary Original Civil Jurisdiction, hears a company petition for winding up of Videocon Industries Limited under sections 433(e) and 434(1)(a) read with 439 of the Companies Act, 1956. The petition, filed by an Italian bank, alleges non-payment of Euros 38 million under a Patronage Letter, which the petitioner argues is a guarantee for a loan to a step-down subsidiary.
5 Dec 2013The petition, Company Petition No. 528 of 2012, was filed by Intesa Sanpaolo S.P.A., an Italian bank, seeking the winding up of Videocon Industries Li...




