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HC disapproves scheme of arrangement which was designed to avoid repayment of creditors
Case Law Details
- Case Name
- Model Financial Corpn. Ltd. Vs A.P. Mahesh Co-operative Urban Bank Ltd. (Andhra Pradesh High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Andhra Pradesh HC
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HIGH COURT OF ANDHRA PRADESH
Model Financial Corpn. Ltd.
versus
A.P. Mahesh Co-operative Urban Bank Ltd.
Ramesh Ranganathan, J.
C.P. Nos. 83 & 84 of 2002
C.A. Nos. 182 & 183 of 2002, 1218 of 2007 & 221 of 2009
NOVEMBER 2, 2012
JUDGMENT
1. C. P. No. 83 of 2012 is filed by Model Financial Corporation Ltd. (hereinafter called the “transferor company”), and C. P. No. 84 of 2012 is filed by M/s. Model Chit Corporation Ltd. (hereinafter called “the transferee company”), seeking sanction of this court, under sections 391 to 394 of the Companies A...
