B.S.V. Prakash Kumar, J.[1] This Bench passed an order against the petitioner company on 11-3-2016 for repayment of Rs. 30 crores on or before 30-6-2016 to pay Rs. 10 crores each on 30-4-2016, 31-5-2016 and remaining Rs. 10 crores on 30-6-2016, but no payment has been made. Initi...
B.S.V. Prakash Kumar, Member[1] The applicant/P1 mentioned this company application on urgent basis for an order to stay the board meeting schedule to be held on 22.6.2016 and to stay the resolutions passed at the meeting dated 4.6.2016. This applicant counsel says that R2(e), on...
B.S.V. Prakash Kumar, Member[1] The applicant/petitioner mentioned this CA praying as follows: (a) Pending the hearing and final disposal of the Company Petition No. 74(MB)/2015 the respondents through their officers, agents and servants be restrained in any manner from alienatin...
B.S.V. Prakash Kumar, Member[1] C.P. No. 70/397-398, 237B, 58, 59/CLB/MB/MAH/2016: It is an order on the mentioning of C.P. No. 70 of 2016. The petitioner-Vivek Vijeyanand Makar is the real and elder brother of Vikram Vijeyanand Makar (respondent No. 2) and Vishal Vijeyanand Maka...
Kanthi Narahari, Judicial Member.[1] The present application is filed by the first respondent-company praying this Bench to modify the interim order dated October 21, 2010, passed by this Bench by permitting the applicant to sell its immovable property being land to an extent of ...
B.S.V. Prakash Kumar, J.[1] The petitioner filed this CP seeking various reliefs including declaring appointment of R3 as invalid and also resignation of R2 as director from R1-company as null and void. The petitioner submits that the petitioner and R2 are 50 percent shareholders...
Kanthi Narahari, Member[1] The present application is filed under Regulation 44 of the Company Law Board Regulations, 1991 challenging the very maintainability of Company Petition No. 8 of 2016 filed by the Respondent/Petitioner herein on the preliminary objections stated herein ...
B.S.V. Prakash Kumar, Judicial Member.[1] It is a case in between brothers filed under section 397/398 read with sections 402 and 111A of the Companies Act, 1956, on the ground that the respondents fraudulently transferred the petitioners' shareholding in the name of respondent N...
B.S.V. Prakash Kumar, Member[1] Financial Technologies (India) Ltd., (in short "FTIL"-R1) filed this CA under Regulation 44 of Company Law Board Regulations, 1991 (which is analogous to section 151 of CPC) to stay or adjourn sine die, this CP 1/2015 till the hearing and final dis...
M.M. Kumar, Chairman[1] Avigo PE Investment Ltd. filed the instant company petition namely C.P. 96(ND) of 2014 under section 397, 398 ft 402 etc of the Companies Act, 1956 Respondents No. 1, 2 & 6 on the one hand and Respondent No. 3 on the other have filed two applications u/s. ...