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Bombay High Court Sanctions Scheme of Amalgamation of Multiple Transferor Companies with Transferee Company under Sections 391-394 of Companies Act, 1956. Court dispensed with meetings and approved the scheme as fair and reasonable with no objections from regulatory authorities.

This is a judgment by the Bombay High Court on a Company Summons for Direction filed by Advantage Raheja Construction Private Limited, one of the Tran...

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High Court of Bombay Hears Appeal Against Company Law Board Orders Refusing to Enforce Settlement Under Section 634A of Companies Act, 1956. The appeal challenged the binding nature of an order recording broad settlement when consent terms were unsigned and third-party interests were involved.

The appeal arose from two orders of the Company Law Board (CLB) dated 2 July 2004 and 13 September 2004, which held that an earlier CLB order dated 29...

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Bombay High Court Dismisses Appeal Seeking Permanent Stay of Winding Up of Svadeshi Mills Company Limited. Section 466 of Companies Act, 1956 does not permit stay of winding up after assets have been sold and substantial progress made in liquidation.

The case concerns an appeal against the dismissal of a company application under Section 466 of the Companies Act, 1956, seeking a permanent stay of t...

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Bombay High Court Allows Appeal Against Admission of Winding Up Petition Due to Bona Fide Counterclaim. Company's claim for damages exceeding admitted debt constitutes a substantial defence under Section 434 of the Companies Act, 1956.

The appellant, Prime Broking Company (India) Ltd., appealed against an order dated 28 June 2016 passed by the Company Judge admitting a winding up pet...

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Bombay High Court Sanctions Scheme of Amalgamation of Multiple Transferor Companies with Pebble Bay Developers Private Limited under Sections 391-394 of the Companies Act, 1956. Court found compliance with statutory requirements and no objections from stakeholders, thus approving the amalgamation.

The Bombay High Court considered a Company Summons for Direction filed by Advantage Raheja Developers Private Limited, one of the Transferor Companies...