Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order  ||  Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act  ||  Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable  ||  NCLAT Delhi: Advance under Land-Development MoU is not Financial Debt and Cannot Trigger CIRP  ||  NCLAT: NCLT Cannot Change Capital Structure of a Legally Compliant Successful Auction Purchaser  ||  Supreme Court: Endless Investigation and Long Delay in Filing Chargesheet Can Justify Quashing Case  ||  SC: Landowners Accepting Compensation Settlements Cannot Later Claim Statutory Benefits  ||  Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act  ||  Supreme Court: Indian Courts Cannot Appoint Arbitrators for Arbitrations Seated Outside India  ||  Madras HC: Police Superintendent not Liable For IO’s Delay In Filing Chargesheet or Closure Report    

Bombay High Court: HDIL, its Promoters have to Repay Loan to PMC Bank - (20 Dec 2019)

BANKING

Bombay High Court has observed that HDIL and its promoters will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank as it was in the interest of the lender and its depositors. The Court also said that the assets of HDIL and its promoters must be sold at the earliest in the interest of the PMC Bank and its depositors.

Tags : BOMBAY HIGH COURT   PMC BANK  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved