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The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea by four unit buyers of Parsvnath Landmark Developers to initiate insolvency proceedings against the subsidiary. The tribunal upheld the Principal bench's decision, which rejected the plea on technical grounds due to the small number of petitioners.
Parsvnath Landmark Developers: The appellate tribunal upheld the orders of the Principal bench of the National Company Law Tribunal (NCLT), which on October 17, 2023, rejected their plea on technical grounds as the number of petitioners was only four, while the total number of allottees by Parsvnath Landmark is 488.
The Delhi High Court single bench of Justice Jasmeet Singh held that partial setting aside of an award is valid and justified as long as the part proposed for annulment is independent and can be...
Investors tell mid-day that a Pune court in August 2023 has overturned an order freezing Rs 160-crore in the finfluencer’s company and this should be presented
The Punjab & Haryana High Court has imposed a cost of Rs. 25,000 on the Union Government for arguing against the established legal position that additional market value per se is part of the...