Delhi HC: Writ Petition Not Maintainable Against Provisional Attachment When PMLA Remedy Exists  ||  Rajasthan HC: Magistrate Can’t Order Secured Creditor to Pay Police Expenses For Asset Possession  ||  Orissa HC: Court Can’t Permit Intervenors Without Reason or Compel Plaintiff to Join Unrelated Party  ||  Delhi HC: Section 498A IPC Applies Even if Marriage is Later Declared Invalid  ||  AP HC: State Can’t Cite Financial Constraints to Withhold Gratuity, Denying Retirees Violates Art 21  ||  Madras HC: Marriage Does Not Grant Men Absolute Authority, Woman’s Endurance is Not Consent  ||  Delhi HC: Ordinary Marital Friction or Taunts Do Not Constitute Cruelty under Law  ||  Punjab & Haryana HC: Family Property Disputes Cannot Be Resolved under Maintenance of Parents Act  ||  Delhi HC: Bribe Profits Invested in Shares Are Proceeds of Crime and Attachable under PMLA  ||  Delhi HC: 'No Coercive Steps' Does Not Mean Stay or Suspension of Investigation    

INSOLVENCY - Sterling Biotech: NCLT Slams Andhra Bank over OTS Proposal - (15 Mar 2019)

INSOLVENCY

National Company Law Tribunal (NCLT) has pulled up Andhra Bank for accepting a 'One Time Settelement' (OTS) offer from absconding promoters of Gujarat-based Sterling Biotech group, which is embroiled in a Rs. 8,100 crore bank fraud.

Tags : NCLT   STERLING BIOTECH PROMOTERS   ANDHRA BNAK  

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