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Banks can recover dues from sale of leased property mortgaged by tenant -SC

Case Name : Nitin Gunwant Shah Vs Indian Bank (Supreme Court of India)
Appeal Number : SLP (C) No. 22785 of 2010
Date of Judgement/Order : 10.07.2012
Related Assessment Year :
Courts : Supreme Court of India (2371)

Official Liquidator duty-bound to take expeditious steps for sale of assets of company

Case Name : ARC Holdings Ltd. Vs Deccan Traders (P) Ltd. (Calcutta high Court)
Appeal Number : A.P.O. NOS. 204, 205, 249 & 250 OF 2011 and 224 of 2012
Date of Judgement/Order : 14/08/2012
Related Assessment Year :
Courts : All High Courts (13909) Calcutta High Court (838)
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Company wind-up power is conferred on Court & notwithstanding any arbitration agreement

Case Name : Hindusthan Copper Ltd. Vs Integral Construction Company India (Calcutta High Court)
Appeal Number : A.P.O. NOS. 289 & 299 OF 2012
Date of Judgement/Order : 13/08/2012
Related Assessment Year :
Courts : All High Courts (13909) Calcutta High Court (838)
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Striking off of a company can only be done on companies own admission that it is defunct

Case Name : Basanti Cotton Mills (1998) (P.) Ltd. Vs Registrar of Companies, West Bengal (Calcutta High Court)
Appeal Number : C.P. NO. 432 OF 2010
Date of Judgement/Order : 08/08/2012
Related Assessment Year :
Courts : All High Courts (13909) Calcutta High Court (838)
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Winding up petition may be rejected for non quantification of Debt

Case Name : Sanchay Dey Vs Pailan Park Development Authority Ltd. (Calcutta High Court)
Appeal Number : C.P. No. 131 of 2010
Date of Judgement/Order : 31/07/2012
Related Assessment Year :
Courts : All High Courts (13909) Calcutta High Court (838)
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AS-14 is applicable only to amalgamations & not to demerger

Case Name : Sony India Private Limited Vs Sony India Software Centre Private Limited (Delhi High Court)
Appeal Number : Company Petition No. 137/2012
Date of Judgement/Order : 06/07/2012
Related Assessment Year :
Courts : All High Courts (13909) Delhi High Court (3365)

No Capital Gain on Transfer of Land Having Nil Acquisition Cost

Case Name : Manohar Pyarelal Sadane Vs Income-tax Officer, Ward - 3(1), Dhule (ITAT Pune)
Appeal Number : IT Appeal No. 220 (PN) OF 2011
Date of Judgement/Order : 26/07/2012
Related Assessment Year : 2007-08
Courts : All ITAT (14928) ITAT Pune (713)
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Winding up petition cannot be rejected on the ground that net worth of respondent-company is positive

Case Name : SBI Global Factors Ltd. Vs Suryachakra Power Corporation Ltd. (Andhra Pradesh High Court)
Appeal Number : Co. Petition No. 154 of 2011
Date of Judgement/Order : 05/03/2012
Related Assessment Year :
Courts : All High Courts (13909) Andhra Pradesh HC (220)

In the absence of any valid agreement appellant cannot seek a direction to Official Liquidator

Case Name : National Instt. of Technology Trust Vs Official Liquidator (Delhi High Court)
Appeal Number : CO. APP. NO. 24 Of 2012
Date of Judgement/Order : 01/05/2012
Related Assessment Year :
Courts : All High Courts (13909) Delhi High Court (3365)
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Refusal to convert warrants into equity shares cannot constitute ingredients of complaint u/s. 397/398 of Companies Act

Case Name : Orissa Sponge Iron & Steel Ltd. Vs Bhushan Energy Ltd. (Orissa High Court)
Appeal Number : Co. Petition No. 39 TO 41 OF 2009
Date of Judgement/Order : 22/02/2011
Related Assessment Year :
Courts : All High Courts (13909) Orissa High Court (256)

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