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High Court of Bombay Dismisses Winding Up Petition for Lack of Service of Statutory Notice Under Section 434 of Companies Act, 1956. Petitioner Failed to Prove Respondent's Inability to Pay Debts as Statutory Notice Not Served at Registered Office.

The petitioner, Store One Retail India Ltd., filed a company petition under the Companies Act, 1956 seeking winding up of the respondent, Waterfall In...

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Bombay High Court Dismisses Winding-Up Petitions for Non-Prosecution Due to Non-Compliance with Directions. Failure to File Affidavit of Documents and Appear Before Court Leads to Dismissal Under Rule 34 of the Companies (Court) Rules, 1959.

The judgment concerns two company petitions (CP 496/2014 and CP 497/2014) filed by Janak Herkishen Vaswani and Mrs. Renuka Herkishen Vaswani respectiv...

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Bombay High Court Dismisses Winding Up Petitions Against GOL Offshore Ltd. Due to Bona Fide Dispute and Absence of Commercial Insolvency. Debt Not Due and Payable Under Section 433(e) of Companies Act, 1956.

The judgment concerns two winding up petitions filed by Export-Import Bank of India and Punjab National Bank (International) Ltd. against GOL Offshore...

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Bombay High Court Allows Appeal Against Winding Up Order Due to Defective Advertisement Under Rule 99 of Company Court Rules, 1959. Failure to Advertise in Correct Name of Company Violates Mandatory Requirement and Cannot Be Cured by Inherent Powers.

The appeal challenged an order dated 21 June 2018 by which the learned Company Judge allowed Company Petition No. 829 of 2003 filed by SICOM Limited f...

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Bombay High Court Allows Appeal in Winding-Up Petition, Sets Aside Conditional Deposit Order for Lack of Jurisdiction. Dispute over unpaid dues under the Forward Contracts (Regulation) Act, 1952 cannot be adjudicated in winding-up proceedings under the Companies Act, 1956.

The appeal arose from an order dated 27 September 2017 passed by the learned Company Judge in Company Petition No. 192 of 2016, directing the responde...

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High Court of Karnataka Dismisses Writ Petitions by Non-Members Challenging No-Confidence Motion Against Gram Panchayat Members — Petitioners Lack Locus Standi. No-Confidence Motion Validly Passed Under Section 49 of Karnataka Gram Swaraj and Panchayat Raj Act, 1993.

The petitioners, who are residents and social workers of Ujani village, filed writ petitions challenging the no-confidence motion passed against the m...