Search Results for "Liquidation"

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Search Results for "Liquidation"

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High Court

High Court of Karnataka Allows Appeal by Liquidator in Recovery Suit Against Bank for Wrongful Payment After Liquidation — Bank Liable to Pay Fixed Deposit Amount to Liquidator Despite Payment to Company Director After Winding Up.

1 Apr 2015

The plaintiff, Gowribidanur Sahakara Sakkare Karkhane Ltd., a co-operative society under liquidation, filed a suit for recovery of money against India...

Tribunals

NCLAT Dismisses IDBI Bank's Appeal Against NCLT Order Directing Implementation of Acquisition Plan in Lanco Infratech CIRP. The Appellate Tribunal upheld the NCLT's direction to form a Monitoring Committee and adhere to timelines under the approved Acquisition Plan, rejecting the bank's challenge to the liquidator's authority.

30 Nov -0001

The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, dismissed an appeal filed by IDBI Bank Ltd. against an order of the National Compa...

Supreme Court

Supreme Court Allows Official Liquidator's Appeal in Property Tax Dispute — Municipal Corporation Cannot Claim Taxes After Winding Up Order Without Prior Adjudication. Held that property tax and water tax claims against company in liquidation are not 'taxes due' under Section 530(1)(a) of Companies Act, 1956 unless assessed and quantified before winding up.

4 May 2023

The case involves an appeal by the Official Liquidator of IISCO Ujjain Pipe and Foundry Company Limited (in liquidation) against a judgment of the Cal...

Tribunals

NCLAT Dismisses Indian Bank's Appeals in Insolvency Case — Income Tax Refund Held as Part of Corporate Debtor's Assets, Not Subject to Set-off by Bank. The Tribunal upheld the liquidator's right to recover the refund amount, ruling that the bank's claim of set-off under Section 14 of IBC was not maintainable after moratorium.

10 Mar 2025

The National Company Law Appellate Tribunal (NCLAT) dismissed two appeals filed by Indian Bank challenging orders dated 19.12.2024 passed by the Natio...

High Court

Bombay High Court Upholds Termination of Company Paid Peon for Dereliction of Duty in Handing Over Leased Assets. Official Liquidator's recommendation for removal from service sanctioned due to grave misconduct in failing to ensure proper handover of leased equipment.

4 Jan 2016

The Official Liquidator filed a report seeking sanction to terminate the services of Shri S.M. Shetty, a company paid Group 'D' Peon, for misconduct i...

High Court

High Court of Karnataka Considers Application Under Section 434 Companies Act Seeking Transfer of Winding-Up Petition to NCLT. Applicant Argues No Irreversible Steps Taken, Citing Supreme Court Precedent.

23 Jun 2026

The matter arose from a Company Petition filed in 2010 seeking winding up of Broadcast Infratel India Private Limited on grounds of unpaid admitted de...

High Court

Bombay High Court Allows Termination of Liquidation of Cooperative Sugar Factory Under Section 105 MCS Act — Revival Plan Approved. Court finds revival plan feasible and in interest of stakeholders, directs termination of liquidation subject to payment of dues.

26 Jul 2019

The judgment concerns two writ petitions and two civil applications seeking termination of liquidation proceedings of The Karmaveer Kakasaheb Wagh Sah...

High Court

Bombay High Court Allows Appeal Against Company Law Board Order — Transfer of Shares After BIFR Recommendation Void Under Section 536(2) Companies Act, 1956. Winding Up Deemed to Commence from Date of BIFR Recommendation Under Section 441(2) Companies Act, 1956.

4 Oct 2024

The appellants, Maharashtra Antibiotics and Pharmaceuticals Ltd. (MAPL) and Hindustan Antibiotics Ltd., challenged an order of the Company Law Board (...

High Court

Bombay High Court Dismisses Winding Up Petition in Commission Dispute. Debt Held Bona Fide Disputed Under Sections 433(e) and 434 of Companies Act, 1956.

6 Jun 2017

The petitioner, Total Sports & Entertainment India Pvt. Ltd., filed a winding up petition under Sections 433(e) and (f) and 434 of the Companies Act, ...

Tribunals

NCLAT Dismisses Appeal by Personal Guarantors Against Liquidation Order for Lack of Locus Standi and Limitation. The appeal challenging the liquidation of M/s. Raihan Healthcare Pvt. Ltd. under Section 33 of the Insolvency and Bankruptcy Code, 2016 was dismissed as the personal guarantors had no standing to challenge the liquidation without their liability being adjudicated under Section 60(2) of the IBC.

9 Jul 2024

The case involves an appeal filed by M.K. Resely and seven others (appellants) against the liquidation order of M/s. Raihan Healthcare Pvt. Ltd. (corp...

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