Search Results for "Liquidation"

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Search Results for "Liquidation"

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High Court

High Court Dismisses Writ Petitions Challenging DRAT Order Allowing Bank to Sell Secured Assets Despite Company Being in Liquidation. SARFAESI Act Proceedings Held Not Barred by Companies Act Winding Up Provisions; Secured Creditor's Right to Enforce Security Interest Prevails.

5 Oct 2018

The petitioners, Capt. G.R. Gopinath and M/s Deccan Emerging Business Ventures Limited, challenged the order dated 06.01.2017 passed by the Debt Recov...

High Court

Bombay High Court Allows Transfer of MIDC Plot to Auction Purchaser in Winding Up Proceedings — Official Liquidator's Sale Confirmed Despite MIDC's Objection. Court holds that MIDC cannot refuse transfer of property sold by Official Liquidator in company winding up, as the sale is conducted under court supervision and the purchaser steps into the shoes of the company.

21 Aug 2020

The applicant, M/s. Metal Tubes and Rolling Mills, filed a Company Application seeking directions against the Regional Officer, MIDC (Respondent No.2)...

High Court

High Court Upholds Auction Sale of Cooperative Bank Property; Dismisses Challenges on Grounds of Adequate Upset Price and Proper Procedure. Court Holds that Modification of Auction Condition to Negotiate Only with Highest Bidder is Permissible and Allegations of Fraud and Collusion are Unsubstantiated.

8 Nov 2019

The High Court of Judicature at Bombay, Bench at Aurangabad, heard three writ petitions filed by different petitioners challenging the auction sale of...

High Court

Bombay High Court Allows Transfer of Vehicle Ownership in Favor of Auction Purchaser Despite Pending Tax Dues. Held that the transferee cannot be saddled with prior tax liabilities of the transferor under Section 50 of the Motor Vehicles Act, 1988.

6 Apr 2021

The petitioner, Raman Roadways Private Limited, a private limited company engaged in transportation business, filed a writ petition under Article 226 ...

High Court

High Court of Karnataka Hears Company Applications for Recall of Attachment and Leave to Sell Property in Winding-Up of BPL Engineering Limited. Issues Raised Include Whether SARFAESI Act Overrides Tax Department's Statutory First Charge under the Andhra Pradesh General Sales Tax Act and Central Sales Tax Act.

2 Jul 2026

The matter pertained to competing claims over an immovable property of BPL Engineering Limited (in liquidation), situated at Pashamylaram Village, San...

High Court

High Court of Bombay Allows Official Liquidator to Keep Provision for EPF Claims in Winding Up of Navinon Limited. Court Directs Refund of Excess Payment to EPF Office Kandivali.

15 Mar 2017

This judgment arises from Official Liquidator's Report No.517 of 2015 in Company Petition No.1176 of 2001, concerning M/s.Navinon Limited (In Liquidat...

Tribunals

NCLAT Allows Appeal of Operational Creditor in IBC Liquidation Case — Reinstates Claim for Unpaid Invoices Despite Delay in Filing. The Tribunal held that the Adjudicating Authority erred in rejecting the claim solely on the ground of delay without considering the merits of the claim and the provisions of the Insolvency and Bankruptcy Code, 2016.

30 Nov -0001

The appeal was filed by M/s. FLSmidth Private Limited, an Operational Creditor, against the order of the National Company Law Tribunal (NCLT), Hyderab...

High Court

Bombay High Court Dismisses Landlord's Application for Possession from Official Liquidator in Bank Winding-Up — No Alternative Premises Provided Despite Earlier Direction. Section 457 of Companies Act, 1956 does not empower court to order eviction of liquidator without suitable alternative accommodation being made available.

15 Apr 2026

The Applicant, Shree Vishnu Holdings & Consultants Pvt. Ltd., is the owner and landlord of premises situated at Jayshree Chambers, 82 Nagindas Master ...

Tribunals

NCLAT Dismisses Appeal Against Dismissal of Intervention Application in Liquidation Proceedings. Pendency of Intervention Application Does Not Impede Liquidation Under Section 33(2) of IBC, 2016.

30 Nov -0001

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, delivered a judgment in Company Appeal (AT) (CH) (Ins) No.47/2025, arising from an...

High Court

Bombay High Court Dismisses Appeal Against Recall of Order in Company Liquidation Matter — Leasehold Rights Not Transferred to Appellant Due to Lack of Evidence of Assignment. The court held that the appellant failed to establish any assignment of leasehold rights from the secured creditor, and the order dated 12 February 2013 was correctly recalled.

8 Oct 2013

The appeal arises from a judgment and order of a learned Single Judge in a company application that was moved by the Appellant for recalling an earlie...

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