Provisions: Section 466 of the Companies Act, 1956 – Power of Court to stay winding up and allow revival of a company. Facts: Svadeshi Mills Company Ltd. was ordered to be wound up in 2005. Its main asset was around…
Read more**1. Facts of the Case** The petitioners were shareholders of Jindal Poly Films Ltd., collectively holding 4.99% of the share capital. They filed a petition under Section 245 alleging that certain transactions involvi…
Read more**1. Facts of the Case** Mr. Sunil Tolaram Kukreja found that his DIN status was shown as “Disqualified” on the MCA website, with effect from 1 November 2024. The authorities stated that the disqualification was conne…
Read more**Non-Appointment of Resident Director** **Facts of the Case:** M/s. Indo MIM Limited, having its registered office in Bengaluru, Karnataka, failed to comply with the mandatory requirement under the Companies Act, 201…
Read more**1. Facts of the Case** Mr. Sunil Tolaram Kukreja found that his DIN status was shown as “Disqualified” on the MCA website, with effect from 1 November 2024. The authorities stated that the disqualification was conne…
Read more**1. Parties** Appellant: Pearl City Marine Products (P.) Ltd. and others Respondent: Hiras K. and others **2. Facts of the Case** The company originally had several directors. Respondents 3 and 4 were rem…
Read more**1. Who filed the case against whom?** Rajat Kumar Singh, who was the CFO of Adani Power Ltd. during FY 2017-18 and 2018-19, filed the petition before the NCLT, Ahmedabad. The respondent was the Registrar of Companie…
Read more**The Background** A company called Supreme Transport Organization Pvt. Ltd. (the Corporate Debtor) owed money to Axis Bank and defaulted. So Axis Bank went to court (NCLT) and got the company put into insolvency proc…
Read more**1. Facts of the Case** Martina Boi Genics Pvt. Ltd. was ordered to be wound up in November 2016. The Official Liquidator was appointed to take possession of the company assets, books and records. The Official…
Read more**1. Who filed the case against whom?** Shatrughn Yadav (employee) filed the case against Fertilizers and Chemicals Travancore Ltd. (employer) because the company terminated his employment. **2. What happened?** Sha…
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