2017-TIOLCORP-NEWS-193| Thursday, September 28, 2017

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COMPANIES LAW
 
2017-TIOLCORP-19-NCLT

IDBI Bank Ltd Vs BCC Estates Pvt Ltd

Whether CIRP can be initaited against Corporate Guarantor, who is under a legal obligation to repay the loan amount borrowed from the Principal Borrower but fails to repay the same - YES : NCLT

- Case Allowed: NCLT

 
IP LAWS

 

2017-TIOLCORP-100-HC-MUM-IPR

Kalpataru Properties Pvt Ltd Vs Sri Kalpatharu Housing Pvt Ltd

Whether a plaintiff having multiple offices can file a suit u/s 134(2) within the jurisdiction where it is based - YES: HC

Whether the plaintiff can also resort to Sec 20 and file a suit where defendants reside or work for gain or where the cause of action wholly or in part has arisen - YES : HC

- Case Disposed of: BOMBAY HIGH COURT

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