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3 judgments · newest first · showing 1–3
Garware Polyester Ltd., after incurring massive losses, sought a restructuring scheme under Section 391 of the Companies Act, 1956, which was approved by the majority of its debenture holders. The Administrator of the Specified Undertaking of the Unit Trust of India (UTI) challenged the scheme, …
R.S.D.V. Finance Co. deposited Rs.10,00,000 with Vallabh Glass Works for 90 days at 19% interest. When the deposit matured, the defendant failed to pay and issued five post‑dated cheques that later bounced, prompting a summary suit. The defendant argued that the deposit receipt’s endorsement …
Doburg Lager Breweries Ltd., a private company operating in a backward area of Maharashtra, had borrowed Rs 52.30 lakhs from SICOM and later an additional Rs 15 lakhs from the State Government. Facing winding‑up proceedings, the Maharashtra Government declared the company a "relief undertaking" …
