Winding up of ‘Collective Investment Scheme’ ordered for contravention of Section 12(1b) SEBI Act
Securities and Exchange Board of India (SEBI): The whole time member of SEBI, G.Mahalingam in accordance to the interim order given earlier
winding up
No pecuniary liability arises in cases of breach of contract until the courts determine that there exists an entitlement to damages
Hyderabad High Court: While deciding the instant appeal under Section 483 of the Companies Act, 1956 read with Clause 15 of the
Pending winding up petitions of companies which have not been served before High Court shall stand transferred to National Company Law Tribunal
Bombay High Court: In a case dealing with petitions pending admission before the High Court filed under the Companies Act, 1956 where
No proceedings against the assets of the company can be taken before any decision is taken by the BIFR
Supreme Court : While dealing with the issue relating to jurisdiction of BIFR in winding up proceedings, the Court held that winding