SC asks for attachment of bank accounts, movable properties of Amrapali Group firms

Posted On & filed under Corporate Law News, Top Law News.

New Delhi: The Supreme Court today expressed displeasure on Amrapali Group of companies for playing “fraud” and “dirty games” with the court and ordered attachment of all bank accounts and movable properties of 40 firms of the real estate major. The apex court also directed Amrapali Group of companies, which are yet to hand over possession… Read more »

HC asks ‘Fin minister sleeping?’ over DRT not functioning

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Mumbai: The Bombay High Court expressed annoyance today over the non-functioning of the Debts Recovery Tribunal (DRT), whose premises here were closed following a fire over a month ago, and sought to know “if the finance minister of the country was sleeping” over the shutdown of a key body. The court said while Mumbai was considered… Read more »

SC: Liquidation of Jaypee group firm would serve no purpose

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New Delhi: The Supreme Court today said Liquidation of real estate firm Jaypee Infratech Ltd (JIL) would not “serve” the purpose of either home buyers, financial institutions or the promoters. The apex court also reserved its order on “interim reliefs” prayed by various stakeholders including the home buyers of JIL, Jaiprakash Associates Limited (JAL) which is… Read more »

Aircel-Maxis case: SC to hear Swamy’s plea tomorrow

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New Delhi: The Supreme Court today agreed to hear tomorrow a fresh plea of BJP leader Subramanian Swamy seeking to implead himself as a party in a petition filed against an Enforcement Directorate officer probing the Aircel-Maxis deal case. A vacation bench comprising justices Arun Kumar Misra and S K Kaul also agreed to hear the… Read more »

HC to MMRCL : How it permits construction at nights

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Mumbai: The Bombay High Court today asked the Mumbai Metro Rail Corporation Ltd (MMRCL) as to how it could be permitted to carry out construction works at nights if it would not stick to noise pollution rules. “How can we pass a judicial order permitting yo to carry out work whole day and night when you… Read more »

HC sought response of journalist, arrested by CBI

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New Delhi: The Delhi High Court today sought the response of journalist Upendra Rai, arrested by the CBI for his alleged involvement in dubious financial transactions, on a plea seeking cancellation of his bail. Justice A K Chawla issued notice to the scribe and sought his stand by July 6 on the CBI’s appeal against the… Read more »