Ramco Super Leathers Ltd. vs Dhanalakshmi Bank Ltd.
Scheme of amalgamation or demerger: Approval of creditors-Any loss to banking institutions to affect public interest-The provisions of s.391 of the Companies Act 1956 did not mandate holding of the meeting of the creditors in a scheme of arrangement between the compa [LexDoc Id : 378618]
HC (Chennai)
2009
IDBI Bank Ltd. vs Kothari Orient Finance Ltd. and Ors.
Winding up: Agreement with one of creditors to sell only immovable property-Agreement providing for handing over of possession and title only on registration of sale-An agreement for sale did not by itself create any interest in or charge on the immovable property covered under the agreement for sale. The contentio [LexDoc Id : 378500]
AMBO Exports Ltd. vs Ishar Agro Ltd.
Winding up: Custody of companys property and sale of assets-Intervention application praying for an opportunity to participate in bid-A reference to the high court was made by the Registrar of Board for Industrial and Financial Reconstruction to record opinion regarding winding up of [LexDoc Id : 384812]
HC (Madhya Pradesh)
2009
SICAL-CWT Distriparks Ltd. vs Besser Concrete Systems Ltd.
Winding up: Circumstances in which a company might be wound up-Bona fide dispute regarding genuineness of documents relied upon-The appellant had placed a work order with a company for laying and paving heavy duty pavement for and paid certain amount to the company towards mobi [LexDoc Id : 384503]
HC (Chennai)
2009
Vijayan Rajes and Anr. vs MSP Plantations (P) Ltd. and Ors.
Oppression and Mismanagement-Adherence of company law provisions-The act of the respondent-company of converting the existing equity shares of the appellants into preference shares and thereafter redeeming it was op [LexDoc Id : 376989]
Computer Sciences Corpn. India (P) Ltd., In re
Scheme of amalgamation: Sanction of court-No objectionable feature in the scheme-The petitioners had sought sanction of the court for the scheme of amalgamation of the transferor companies with the transferee company. The equity sh [LexDoc Id : 378257]
Shefali Doshi, In re
Application by OL seeking recovery of mesne profits-OL’s claim rejected-The Official Liquidator had filed an application seeking recovery of mesne profit from the applicant. Since actual physical possession of the property [LexDoc Id : 381132]
HC (Gujarat)
2009
Capital Land Builders (P) Ltd. and Ors. vs Shaheed Memorial Society and Ors.
Transfer of shares: Suit for permanent and mandatory injunctions and damages-No case made by plaintiffs entitling them to grant of interim directions sought for-The eighth defendant and deceased K were original subscribers to the memorandum of association of the company. The husband of eighth defendant acquire [LexDoc Id : 368609]
HC (Delhi)
2009
A.L. Mudaliar vs Assistant ROC
Criminal proceedings against directors-Failure to file balance sheet with ROC-The criminal proceedings filed against the petitioner under s.159 and s.162 of the Companies Act 1956 - for failure to file the Balance-Sheet and Prof [LexDoc Id : 376968]
B.S.T. and P.S.P. Workers Union (C.I.T.U.) vs GOI
Winding up: Overriding preferential payments-Failure of bank to intimate BIFR of their intention to sell secured assets of company in liquidation-On a reference made by the Board of Directors of the company in liquidation, the Board of Industrial Finance and Reconstruction issued notices to all [LexDoc Id : 384502]
HC (Kerala)
2009
Venkatashwar Somani vs OL of Shree Niwas Cotton Mills Ltd.
Undertaking for payment of all dues with interest-Objections raised by secured creditor-bank as against revival lacking bona fides-The applicant had filed a revival application of the company-in-liquidation and also gave an undertaking for payment of all legal and statutory dues w [LexDoc Id : 384500]
Gujarat Industrial Development Corpn. vs OL and Ors.
Winding up: Leasehold property-Possession of property taken over by OL-The action of the OL for taking over the possession of the property of the company in liquidation was not illegal or void and the possession of the pr [LexDoc Id : 379534]
