Search Results for "Finance Act 1956"

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Bombay High Court Quashes Arrest Order Against Guarantors in DRT Recovery Proceedings — Recovery Officer Cannot Order Arrest Without Prior Notice and Hearing Under Section 25 of RDDBFI Act, 1993

The petitioners, Kishor K. Mehta and Rajesh K. Mehta, were directors and guarantors of Beautiful Diamonds Company Limited, which had availed loan faci...

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Bombay High Court Dismisses Writ Petitions Seeking Direction to Provide Arbitration in Expired Toll Collection Contracts. Clause 36 of Agreement Held Not an Arbitration Agreement; Court Cannot Direct Parties to Arbitrate Under Article 226.

The Bombay High Court dismissed two writ petitions filed by M/s. MEP RGSL Toll Bridge Pvt. Ltd. and Raima Toll & Infrastructure Pvt. Ltd., both specia...

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Bombay High Court Grants Stay on Tax Recovery in Gift of Shares Case Under Section 56(1) of Income Tax Act, 1961. Court allows stay of recovery pending appeal, subject to conditions protecting revenue, without deciding merits of taxability of gift of shares.

The petitioner, M/s. Nerka Chemicals Private Limited, a wholly owned subsidiary of Demuric Holdings Private Limited (DHPL), challenged an order dated ...

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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 dispensed with meetings of shareholders and creditors based on consent letters and no-objection certificates.

The judgment concerns a Company Summons for Direction No. 331 of 2014 filed in the High Court of Judicature at Bombay under the Companies Act, 1956. T...

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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 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 Quashes Proceedings Against Director in Cheque Dishonour Case for Lack of Specific Allegations. Applicant Director Not Involved in Day-to-Day Affairs of Company, No Vicarious Liability Under Section 141 NI Act.

The applicant, Vijay Khairatilal Bhatia, was accused No. 5 in a criminal complaint filed by respondent No. 1, Ashwin Ramesh Mittal, under Section 138 ...