SC: Suit Alleging Coercion or Undue Influence Cannot be Rejected under Order VII Rule 11 CPC  ||  Cal HC: Once ED Attachment is Confirmed, Challenge Becomes Academic; PMLA Remedy Must be Pursued  ||  MP HC: Pen-Drive Evidence Cannot be Introduced At a Late Trial Stage Without Proof or Relevance  ||  Calcutta HC: Employee Can't be Stopped From Joining Rival Post-Resignation; Trade Secrets Protected  ||  Calcutta HC: Banks Must Provide Forensic Audit Report Before Calling an Account Fraudulent  ||  Del HC: Woman Cannot Demand Re-Entry to Abandoned Matrimonial Home if Alternate Accommodation Exists  ||  Calcutta HC: Land Acquisition For Industrial Park is Public Purpose; Leasing to Industry is Valid  ||  Patna HC: PwD Recruitment Must Comply With RPwD Act; Executive Resolutions Cannot Override the Law  ||  Madras HC: Individuals Facing Criminal Trial Must Get Court Permission Even to Renew Passports  ||  Calcutta HC: Demolition Orders Cannot be Challenged under Article 226 if a Statutory Appeal Exists    

NCLAT Dismisses DBS Bank's Plea Challenging Distribution of Funds from Ruchi Soya Resolution Plan - (21 Nov 2019)

INSOLVENCY

National Company Law Appellate Tribunal has dismissed the plea of Singapore-based DBS Bank, a dissenting financial creditor of Ruchi Soya challenging the distribution of proceeds from the bid submitted by Patanjali Ayurveda. The Tribunal said that a secured creditor cannot dissent with the resolution plan just to get more funds than other creditors and claim preference over other creditors.

Tags : NCLAT   RUCHI SOYA  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved