Referring to the decision of the Supreme Court in Syndicate Bank v Vijay Kumar & Ors., a division bench of Justice Pushpenda Singh Bhati and Justice Munnuri Laxman said," it is clear that it is judicially recognized the valuable right of banks i.e. In doing so the court set aside an order of the single judge directing Canara Bank to …
The National Company Law Tribunal, New Delhi Bench, comprising of Shri Ashok Kumar Bhardwaj and Shri L.N. Gupta, while adjudicating a petition filed in Pallavi Joshi Bakhru v Universal Buildwell Private Limited, has held that the ‘ordinary course of business’ for a real estate industry would mean providing construction service. An agreement between two investors to invest into a project …
The Company is an artificial entity incorporated under the Companies Act, 2013, and conducts its affairs through its board of directors who owe a duty to take care towards all the stakeholders of the company and to conduct the affairs of the company in a neutral and unbiased manner. Provisions Relating To Related Party Transactions Mainly there are three main …
The Supreme Court held that if subletting is in derogation of the terms of the Lease Deed, then the sub-lessee continues to be the ostensible tenure holder of land and the lessee the real holder for the purposes of Uttar Pradesh Imposition of Ceiling on Land Holdings Act, 1960. A Bench comprising Justices S. Abdul Nazeer and Krishna Murari dismissed …
