Search Results for "Dues"

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Demand for Tax Dues Prior to Acquisition Quashed Under IBC Provisions. Bombay High Court rules that tax dues from before the acquisition of a company under the Insolvency and Bankruptcy Code (IBC) cannot be recovered from the buyer of the assets during liquidation proceedings.

The petitioner, sought to quash demand notices issued by the Gram Panchayat, Gowari, seeking recovery of outstanding tax dues pertaining to the period...

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Supreme Court Quashes Criminal Proceedings Against Accused Nos. 4 and 5 in Loan Fraud Case Due to Settlement with Bank. Commercial loan fraud case compromised between Bank and borrowers—Criminal proceedings quashed due to bleak chance of conviction.

The Supreme Court, in Criminal Appeals arising out of Special Leave Petition (Criminal) Nos. 1415 and 1416 of 2024, quashed the criminal proceedings a...

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"Criminal Proceedings Quashed After Bank Settlement in Fraud Case Involving Loan Defaulters" "Supreme Court quashes proceedings under Section 482 CrPC where a One Time Settlement (OTS) between the Bank and Borrowers resolves the dispute"

The Supreme Court addressed an appeal challenging the dismissal of a criminal petition seeking to quash a chargesheet related to loan defaults, forger...

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"Illegal Arrest and Violation of Personal Liberty: Bombay High Court Orders Compensation and Inquiry" "Justice Served: Upholding Individual Rights Against Arbitrary Police Actions"

The petitioner was illegally arrested despite having paid all dues related to electricity charges, including compounding charges. The arrest was found...

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"Supreme Court Upholds Arbitration Award in OPG Power Case: Acknowledgment of Debt Extends Limitation Period, OPG and Gita Power Held Jointly Liable"

The case of OPG Power Generation Pvt. Ltd. vs. Enexio Power Cooling Solutions India Pvt. Ltd. & Anr. revolves around a commercial dispute concerni...

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"Quashing of FIR for Civil Dispute Between Companies: No Criminal Intent Established" "Dispute over contractual obligations without criminal intent is not prosecutable under Sections 406 and 420 IPC."

The applicants filed an application under Section 482 of the Criminal Procedure Code for quashing FIR No. 652/2020 registered with Jalgaon City Police...

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High Court Quashes Order Setting Aside Sale Certificate in Property Auction: Petitioner’s Knowledge of Borrower’s Death Unsubstantiated. Legal heirs’ objection to auction sale dismissed; no evidence of fraud or irregularity found in sale proceedings.

The Petitioner, a Co-operative Credit Society, challenged the order passed by the Divisional Joint Registrar, Kolhapur, which had set aside the Sale C...

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Bombay High Court Quashes City Civil Court Judgment: Petitioner Granted Summary Judgment. The court ruled in favor of M/s Mobile Arts S.A.L., granting a decree for recovery of dues, while dismissing the defendant's unconditional leave to defend.

The Bombay High Court quashed a trial court's judgment that had granted the respondent unconditional leave to defend a summary suit. The petitioner, M...

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"Bombay High Court Quashes Tax Proceedings Against Uttam Value Steels Ltd. Post-Resolution Under IBC" "Resolution Plan Approval Under IBC Shields Corporate Debtor from Pre-Insolvency Tax Claims."

  1. Background of the Case: The petition was filed by Uttam Value Steels Ltd. and Mr. Subodh Karmarkar challenging multi...