Palanisamy and Anr. vs Milka Nutrients (P) Ltd. and Ors.
Powers of the CLB-Appeal-An appeal against the CLB’s interim order authorizing the respondent-director to solely operate the bank account was dismissed as clause 41 of the Art [LexDoc Id : 345661]
HC (Chennai)
2008
Srei Infrastructure Finance Ltd., In re
Scheme of arrangement-Sanction of court-The high court sanctioned the scheme of arrangement as it had been approved by the requisite majority of shareholders of both the companies and also c [LexDoc Id : 344192]
HC (Calcutta)
2008
G. Siva Ramakrishna and Anr. vs Rusni Distilleries (P) Ltd.
Winding up petition-Maintainability-A winding up petition was not maintainable where the disputed debt was an amount paid for allotment of shares. Neither this amount could be treated as [LexDoc Id : 340907]
HC (Andhra Pradesh)
2008
Medisphere Marketing (P) Ltd. vs Medi Trade Medical Trading
Winding up petition-Remanded back-The matter was remanded back to the company judge for reconsideration of facts related to any change in assets of the company and rights of the third [LexDoc Id : 340892]
HC (Delhi)
2008
Sujala Pipes (P) Ltd. vs Monarch Pipes Ltd. and Ors.
Appeal against BIFR’s order-Ground of limitation-The high court directed the Appellate Authority to consider the appeal against the BIFR’s order on merit because the appeal had been filed well within [LexDoc Id : 339900]
Manu Tiling Co. (P) Ltd. vs OL of Arti Agro Industries Ltd. and Ors
Offer for purchase of assets of the company-Power of court to reopen sale in interest of justice-The high court asserted that so long as possession was not handed over to the purchaser and the sale deed was not executed, the court by virtue of the [LexDoc Id : 356420]
HC (Gujarat)
2008
LPL Infrastructures Ltd. vs Kumar's Metallurgical Corpn. Ltd.
Winding up-Proceedings of District Collector-A possession notice and proceedings initiated by a District Collector with respect to the mortgaged properties of a company and the subsequent handing [LexDoc Id : 339613]
Baywest Power and Energy (P) Ltd. vs Zlpro International Ltd. and Anr.
Failure to pay admitted amount after receipt of notice -Winding up order affirmed-In an appeal against the conclusion of the company judge that there was an admitted liability of the respondent-company in accepting of Rs.18,00,000 a [LexDoc Id : 361757]
HC (Karnataka)
2008
M. Rajendra Naidu vs Sterling Holiday Resorts India Ltd. and Ors.
Sale of property by company-Doctrine of Indoor management-A plea of the applicant-shareholder of the respondent-company to set aside the sale deed executed by the respondent-company was dismissed as the sale [LexDoc Id : 345167]
HC (Chennai)
2008
Ram Bahadur Thakur Ltd. and Ors. vs Manish Mohan Sharma and Anr.
Orders passed in accordance with Supreme Court’s order-No interference warranted-The Supreme Court held that since the orders passed by the high court and the Company Law Board were in pursuance of the order passed by the Supreme C [LexDoc Id : 332407]
SC
2008
ABP (P) Ltd. and Ors. vs United News of India (UNI) and Ors.
Oppression and Mismanagement-Single oppressive act-A single allegation against oppression and mismanagement within the affairs of a company was entertained by the CLB since the matter pertained to allo [LexDoc Id : 338410]
CLB
2008
Keventer Agro Ltd. vs OL of Kengold India Ltd. and Anr.
Winding up-Rights of the auction-purchaser-A purchaser of a property in court auction of liquidated company’s assets got a clear title over the property. A statutory authority could not demand [LexDoc Id : 353987]
HC (Gujarat)
2008
Southern Udhyans Ltd. (In Liqn.), In re
Winding up of company-Powers of liquidator-An OL’s application recalling an order of the court whereby the OL was appointed as provisional liquidator was dismissed as the OL did not have locus [LexDoc Id : 339999]
Hemal A. Kanuga vs ROC
Non-compliance to the Companies Act 1956-Power of court to grant relief-The High court was justified in restraining the ROC from launching prosecution against the petitioner for minor lapses in observing compliance to the [LexDoc Id : 338692]
HC (Gujarat)
2008
Landes bank Badenwurttemberg vs Nova Petrochemicals Ltd.
Sanction of scheme of arrangement-Clubbing of interested and independent creditors-An application objecting clubbing of interested creditors-promoters of the respondent-company with independent creditors in a meeting of unsecured cre [LexDoc Id : 345660]
HC (Gujarat)
2008
V. Sukumar and Ors. vs Srivari Mutual Benefit Finance Ltd. and Ors.
Statutory right of shareholders-Access to company records-The shareholder's statutory right to claim copies of the concerned company records, could not be enforced against the legal heirs of a deceased direct [LexDoc Id : 338232]
CLB
2008
Jagdev Prasad Bajaj and Ors. vs Tirrihanah Co. Ltd.
Winding up: Inability pay debts-Non-appearance of company in spite of service-In an application filed by the petitioner under s.433, s.434 and s.439 of the Companies Act 1956, the high court noted that for the price of goods, so [LexDoc Id : 359971]
