Corporate Law Judgements

Displaying 30 - 40 of 222 in 23 pages

As per the Supreme Court order NPA of a Company defaulting in repayment of loan can be assigned for the debt

 15 December 2011

A. The grievance relatable to IFCI Ltd. (appointed as the operating agency by BIFR vide order dated 08.08.2005 with a mandate to prepare a scheme for revival of the „Company‟) that it being one of the five secured creditors of the „Company‟, IFCI Ltd

Posted in Corporate Law |    0 comments |   2972 hits


Official Liquidator shall ensure that irreversible can not be created regarding the amount paid by the purchaser

 06 December 2011

Heard Mr. Manish Bhatt, learned senior counsel, appearing with Mrs. Mauna Bhatt, learned advocate for the applicant, Ms. Yajnik, learned advocate for the respondent No.1-OL and Mr. Rutvij Bhatt, learned advocate for the respondent No.2. 2. From

Posted in Corporate Law |    0 comments |   1013 hits


Violation of Direction issued by Director General is caused to penalty under section 43 of CCI Act 2002

 30 November 2011

Write Petition No 19760/2011 & Write Petition No 20485-89/2011 are filed under Article 226 & 227 of the constitution of India, praying to quash the notice dated 23.05.2011issued by the 2nd Respondent vide D, D1, D2, D3, D4 and D5 dated 15.03.2011an

Posted in Corporate Law |    0 comments |   1175 hits


In termination of contract illegally party can only claim damages not for interim relief

 24 November 2011

The relevant facts are that in terms of the VOC dated 26th November 2010 the Petitioner was to provide range of services at three locations i.e., The Hague, Amsterdam and Rotterdam. These included distribution of visa/OCI card/PIO card/passport appli

Posted in Corporate Law |    0 comments |   3434 hits


Sec 17 of SERFESI Act 2002 is only giving protection to the borrower against the steps taken by the lender under sec 13 on the basis of the case

 24 November 2011

A notice under Section 13 (2) was issued to the Petitioners on 20 January 2011 demanding an amount of Rs. 268 crores. The Petitioners raised objections on 14 March 2011 which were disposed of on 12 May 2011. Symbolic possession of the secured assets

Posted in Corporate Law |    0 comments |   1591 hits


As per sec 11(6) of the Arbitration Act right to arbitrator is ceased after the expiry of periods only if person filed petition in the Court

 21 November 2011

In the present case, the Petitioner had first issued a legal notice to the MCD through its lawyer on 27th April 2010 in which, inter alia, the MCD was asked to appoint an Arbitrator in terms of the Agreement dated 12th October 2009 within seven days.

Posted in Corporate Law |    0 comments |   1954 hits


Present of Arbitration clause in the Purchase Contract is enough to proof the existing of Arbitration Agreement

 18 November 2011

The petitioner supplied goods duly received by the respondent, without any demur in relation to the quantity and quality of the goods. The bills raised by the documents were accepted by the negotiating bankers. It is the case of the petitioner that i

Posted in Corporate Law |    0 comments |   1655 hits


Passing of Interim order must be in complied with Rule 1 and 2 of the Code of Civil Procedure 1908

 18 November 2011

The Government of Maharashtra, by Resolutions dated 16.10.1970 and 18.11.1974, had granted lease of certain plots of land to the defendant-Company at Backbay Reclamation, Cuffe Parade, Mumbai, who was entitled and authorized to enter into transaction

Posted in Corporate Law |    0 comments |   1449 hits


As per sec 10 of Special Court Act 1992 securities un registered disclosed in the Custodian cannot be allowed to be Registered in the name of the Custodian

 16 November 2011

The appellants, one late Harshad S. Mehta, their other family members and the corporate entities belonging to the family members had purchased more than 90 lakh shares in Apollo. Except for the holding of two family members, the entire holding came

Posted in Corporate Law |    0 comments |   823 hits


Freight received in excess should be returned to the person received from otherwise interest liability will raise

 16 November 2011

We shall be referring to the parties as per their description in the plaint.Plaintiff (respondent No.1) sought RFA(OS) 12/1997 decree in sum of `7,43,568.88 alleging that M/s.Freight Wings and Travels Pvt. Ltd., defendant No.2, M/s.Daga Air Agents,

Posted in Corporate Law |    0 comments |   900 hits










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