official liquidator Archives

Case Briefs Tribunals/Commissions/Regulatory Bodies

Non-payment of full provident fund and gratuity violative of S. 30(2)(e) IBC; NCLAT directs Jet Airways to make payments

National Company Law Appellate Tribunal, Delhi: In a batch of appeals filed challenging order dated 22-06-2021 passed by the National

Case Briefs Supreme Court

Not just the petitioning creditor but ‘any’ creditor can initiate transfer of winding up proceedings from a Company Court to NCLT; holds SC

Proceedings for winding up of a company are proceedings in rem to which the entire body of creditors is a party, hence, by a deeming fiction the petition by even a single creditor is treated as a joint petition.

Case Briefs Tribunals/Commissions/Regulatory Bodies

SAT | Forfeiture of shares, not in accordance with Articles of Association; shares once allotted, cannot be forfeited by a resolution

Securities Appellate Tribunal (SAT): A Division Bench of Justice Tarun Agarwala, (Presiding Officer) and Dr C. K. G. Nair (Member), affirmed the

Case Briefs Foreign Courts

SL CoA | Official Liquidator held to have no locus standi in any claim once the company is voluntary wound up

Court of Appeal for the Democratic Socialist Republic of Sri Lanka: The petition of a liquidator was entertained by Samayawardhena, J. and

Case Briefs High Courts

Priority to be given to interests of workmen over that of corporation; object of Section 529-A of Companies Act, 1956 reiterated: Bom HC

Bombay High Court: A Division Bench comprising of A.S. Oka and M.S. Sonak, JJ. dismissed an appeal filed against the order of the