NCLT: Suspended Directors Who are Prospective Resolution Applicants Cann’t Access Valuation Reports  ||  Supreme Court Clarifies Test For Granting Bail to Accused Added at Trial under Section 319 CrPC  ||  SC: Fresh Notification For Vijayawada ACB Police Station not Required After AP Bifurcation  ||  SC: Studying in a Government Institute Does Not Create an Automatic Right to a Government Job  ||  NCLT Mumbai: CIRP Claims Cannot Invoke the 12-Year Limitation Period For Enforcing Mortgage Rights  ||  NCLAT: Misnaming Guarantor as 'Director' in SARFAESI Notice Doesn't Void Guarantee Invocation  ||  Jharkhand HC: Mere Breach of Compromise Terms by an Accused Does Not Justify Bail Cancellation  ||  Cal HC: Banks Cannot Freeze a Company's Accounts Solely Due To ROC Labeling a 'Management Dispute'  ||  Rajasthan HC: Father’s Rape of His Daughter Transcends Ordinary Crime; Victim’s Testimony Suffices  ||  Delhi HC: Judge Who Reserved Judgment Must Deliver Verdict Despite Transfer; Successor Can't Rehear    

Allahabad HC Stays Revenue Recovery Against NBFC and its Director for their Borrower’s Liability - (13 Nov 2019)

CIVIL

Allahabad High Court has stayed the recovery proceedings started by the Ghaziabad Development Authority and District Magistrate, Ghaziabad against the Petitioner namely Rakesh Jain and asked them to file their responses in the matter. The Court reaffirmed that a company has a separate legal entity from its owners.

Tags : ALLAHABAD HC   RECOVERY  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved