Search Results for "company dissolution"

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Search Results for "company dissolution"

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Tribunals

NCLT Chennai Allows Dissolution of Company in Voluntary Liquidation Under Section 59(7) IBC, 2016. The Liquidator's petition for dissolution was allowed upon satisfaction of compliance with voluntary liquidation requirements.

4 Apr 2025

The National Company Law Tribunal, Chennai Division Bench, allowed a petition filed by the Liquidator, Mrs. Aneetha Subramaniam, under Section 59(7) o...

High Court

Bombay High Court Dismisses Official Liquidator's Application for Appointment of Peon (MTS) in Liquidation Proceedings — Appointment Must Be in a Particular Liquidation, Not for General Assistance to Office. The Court held that Rules 308 and 309 of the Companies (Court) Rules, 1959 require appointment of additional staff for a specific liquidation, and salary must be paid from company funds, not Common Pool Fund.

14 Dec 2024

The Official Liquidator filed an application under Rules 308 and 309 of the Companies (Court) Rules, 1959 seeking permission to appoint Mr. Jitendra M...

High Court

Bombay High Court Allows Appeal in Specific Performance Suit — Upholds Appellate Court's Dismissal of Suit. Court holds that plaintiff failed to prove agreement and readiness and willingness, and suit was barred by limitation under Article 54 of Limitation Act, 1963.

3 Jan 2024

The appeal arises from a suit for specific performance of an agreement for sale of immovable property. The plaintiff, Manoj Manilal Gala (appellant), ...

Supreme Court

Supreme Court Allows Club's Appeal in Wealth Tax Case — Club Not Liable as Association of Persons Under Section 21AA of Wealth Tax Act. Members' Shares in Assets on Winding-Up Are Determinate Under Club Rules, and Club's Non-Commercial Character Excludes It from 'Association of Persons' in Taxing Statutes.

8 Sep 2020

The Supreme Court allowed the appeals filed by Bangalore Club against the judgment of the Karnataka High Court, which had held the Club liable to pay ...

High Court

High Court of Karnataka Dismisses Petition Seeking Winding Up of Bangalore Development Authority for Non-Payment of Arbitral Award. Court holds that a statutory authority cannot be wound up under the Companies Act, 2013, and the remedy lies in execution of the award under the Arbitration and Conciliation Act, 1996.

4 Sep 2019

The petitioner, IL&FS Engineering and Construction Company Ltd. (formerly Maytas Infra Ltd.), a company engaged in infrastructure construction, had an...

High Court

Bombay High Court Dismisses Suit for Specific Performance and Injunction in Property Dispute — Plaintiff Fails to Prove Readiness and Willingness to Perform Contract. Agreement for Sale of Flat Declared Null and Void Due to Non-Compliance with Conditions Precedent and Lack of Valid Termination of Earlier Agreement.

21 Aug 2019

The plaintiff, Manohar Daulatram Ghansharamani, filed Suit No. 220 of 2013 in the Bombay High Court seeking specific performance of an agreement for s...

High Court

Bombay High Court Quashes Process Issued Against Drug Manufacturers in Complaint Under Drugs and Cosmetics Act — Lack of Sanction and Invalid Complaint. Complaint filed by Drugs Inspector without prior sanction of the Drug Controller under Section 32 of the Drugs and Cosmetics Act, 1940, and without proper investigation, held to be invalid and liable to be quashed.

29 Oct 2018

The petitioners, AFD Laboratories Pvt. Ltd., M/s. Angle French Drugs & Industries Ltd., and their directors, filed two criminal writ petitions under S...

High Court

Bombay High Court Dismisses Appeals in Property Suit — Upholds Refusal to Strike Out Defence Under Order 8 Rule 10 CPC for Failure to File Written Statement Within 90 Days. The court held that the power to strike out defence is discretionary and not automatic, and that non-disclosure of defence under Order 6A Rule 3 CPC does not justify striking out.

21 Dec 2017

The present appeals arise from a suit filed in 1987 by Behram Nowrosji Gamadia and Jehangir Dhan Mistri (original plaintiffs) against several defendan...

High Court

Bombay High Court Dismisses Section 9 Petition for Appointment of Court Receiver in Partnership Dispute — Petitioner Failed to Establish Strong Prima Facie Case for Interim Relief. Court held that disputes regarding partnership accounts and alleged mismanagement must be resolved through arbitration, not by appointing receiver at interim stage.

22 Aug 2014

The petitioner, Minochar @ Minoo Aspandyar Irani, filed a petition under Section 9 of the Arbitration and Conciliation Act, 1996 seeking appointment o...

High Court

Bombay High Court Quashes Section 179 Order Against Former Director for Tax Dues of Company — No Evidence of Neglect or Misfeasance. Director Who Resigned Before Relevant Assessment Year Cannot Be Held Liable for Company's Tax Default Under Section 179 of Income Tax Act, 1961.

27 Apr 2010

The petitioner, Dinesh T. Tailor, was appointed as an Additional director of Yazad Investment & Finance Private Limited on 2 January 1987. He signed a...

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