Search Results for "Official Liquidator"

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Search Results for "Official Liquidator"

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Tribunals

National Company Law Appellate Tribunal at Chennai hears appeals against NCLT orders rejecting a minority shareholder's Scheme of Arrangement and confirming the sale of the corporate debtor as a going concern. The appellant challenged the concurrent running of the liquidation sale process and scheme consideration, contending that Section 230 of the Companies Act, 2013 takes precedence over the IBBI (Liquidation Process) Regulations, 2016.

19 May 2026

The appeals arose from the liquidation of Kamachi Industries Limited (Corporate Debtor), which was admitted into Corporate Insolvency Resolution Proce...

High Court

High Court of Karnataka Dismisses Appeal Against Company Judge Order in Winding-Up Proceedings — Official Liquidator Authorized to Collect Rents from Tenants of Wound-Up Company. The Court held that the Official Liquidator is entitled to collect rents from tenants of the company in liquidation, and the appellant's claim for adjustment of rent against alleged dues was not maintainable without proper adjudication.

17 Sep 2025

The present Original Side Appeal (OSA) was filed under Section 483 of the Companies Act, 1956 read with Section 4 of the High Court of Karnataka Act, ...

Tribunals

NCLAT Upholds Sale of Corporate Debtor as Going Concern in Liquidation — Confirms Immunity Under Section 32A IBC. Liquidator's Application for Confirmation of Sale and Immunity Allowed Despite Objections from Suspended Directors.

27 Sep 2024

The appeal arose from a common order dated 27.09.2024 passed by the NCLT, Chennai, in IA(IBC)/415/2024, IA(IBC)/1701/2023, and IA(IBC)/1757/2023 in th...

Supreme Court

Supreme Court Allows Appeal in Bond Redemption Dispute, Upholding Defendant's Compliance with RBI Directives. Interest on Delayed Payment Not Payable Due to Regulatory Embargo and Pending Liquidation Proceedings Under Companies Act, 1956.

3 Jan 2022

The dispute arose from a suit filed by M/s. SIBCO Investment Pvt Ltd against Small Industries Development Bank of India seeking interest on alleged be...

High Court

High Court of Karnataka Quashes Criminal Proceedings Against Former Directors in Companies Act Complaint — Complaint Barred by Limitation and Filed Without Mandatory Sanction. The court held that the complaint under Section 538(1)(c) of the Companies Act, 1956 was time-barred under Section 468 Cr.P.C. and lacked prior sanction under Section 538(3) of the Act, warranting quashing of proceedings.

23 Mar 2021

The present criminal petition was filed by Sri Avinash Subramanyam and Smt. Vani Sharma, former directors of M/s. Shimbu Imports and Exports (P) Ltd. ...

High Court

Bombay High Court Hears SEBI's Application to Recall Sanction of Composite Scheme in Fertilizers Merger Case. Securities Regulator Alleges Material Non-Disclosure and Accounting Violations in Scheme Involving Listed and Unlisted Companies Under Companies Act, 1956.

10 Sep 2015

The Securities and Exchange Board of India (SEBI) filed applications on 21.02.2013 seeking recall of orders of the Bombay High Court dated 17.06.2011 ...

High Court

High Court of Bombay Deliberates Whether Manager of Cooperative Bank Is Public Servant under Prevention of Corruption Act; Employee of Cooperative Bank Under Liquidation Challenges Dismissal of Discharge Application. The Court Examines the Scope of 'Public Servant' Under Section 2(c) in Light of Arguments That Cooperative Bank Not Aided or Controlled by Government.

6 May 2013

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High Court

Bombay High Court Recalls Winding Up Order and Dismisses Company Petition Under Section 466 of Companies Act, 1956 — Revival of Company Permitted on Payment of All Creditors. Shareholder's Application Allowed as Company Was Profitable and Debt Was Disputed; Principal Debt Already Paid to Legal Heir of Creditor.

8 Oct 2012

The Bombay High Court dealt with an application under Section 466 of the Companies Act, 1956, filed by S. K. Sarpotdar, a shareholder and contributory...

High Court

Bombay High Court Allows Writ Petition Challenging Property Tax Attachment After Auction Sale by Official Liquidator. Property purchased through auction by Official Liquidator cannot be attached by Municipal Corporation for pre-sale tax arrears under Section 146 of the Bombay Municipal Corporation Act, 1888.

16 Sep 2005

The petitioners, Anchor Health & Beauty Care Ltd. and Deepak & Co., purchased immovable property of M/s. Nihon Electronics Ltd. (in liquidation) throu...

High Court

Bombay High Court Allows Plaintiff's Inspection of Court Records Against Company in Liquidation. Official Liquidator Directed to Provide Access to Suit Papers for Recovery of Salary and Benefits Under Order XI Rule 14 CPC and Section 434 Companies Act, 1956.

7 Jun 2005

The plaintiff, Omprakash Madanlal Pandya, filed a suit (Suit No.1738 of 1979) against Shree Vallabh Glass Works Ltd. and others for recovery of Rs.1,5...

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