2017-TIOLCORP-NEWS-139 | Monday, July 17, 2017

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COMPANIES LAW
  2017-TIOLCORP-42-HC-MUM-CA

Agrozan India Pvt Ltd Vs Agritrade India Services Pvt Ltd

Whether winding up petition for non payment of debt can be allowed if the debt was bona fide disputed and the defence against such winding up was substantial - YES: HC

Whether machinery of winding up can not be allowed to be utilized merely as a means for realizing debts said to be due from a Company - YES : HC

- Appeal dismissed: BOMBAY HIGH COURT

 
CAPITAL MARKET LAWS
 
2017-TIOLCORP-29-SEBI

Manna Glass Tech Industries Ltd

Whether provisions of Section 11B of SEBI Act can be invoked in respect of a company, if such company claims to be a victim of fraud committed by another entity and the company has taken sufficient steps in support of such claim - NO: SEBI

- Case dismissed: SEBI

 
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