Allahabad HC: Divorce on Desertion Ground Does Not Bar Wife’s Maintenance Claim U/S 125 CrPC  ||  Allahabad HC: Divorce on Desertion Ground Does Not Bar Wife’s Maintenance Claim U/S 125 CrPC  ||  Bombay HC on Nicotine Pouch Ban: Duty-Free Shops Must Comply with Domestic Laws  ||  SEBI Settles Hindenburg-linked Disclosure Cases Involving Five Adani Firms for Rs. 1.5 Crore  ||  Kerala High Court: Navy Court-Martial Proceedings Can Be Prosecuted by Investigating Officer  ||  Bombay HC: Arrest is Drastic; ED Cannot Halt Section 50 Questioning and Arrest on Same Material  ||  Supreme Court Proposes Unified Platform for Investment of Funds Deposited by Litigants  ||  Supreme Court: Courts Can Interfere When Tender Acceptance Violates NIT Conditions  ||  SC: Recovery of Tainted Money Without Proof of Bribe Demand Insufficient for Conviction  ||  Supreme Court: Non-Production of Original Deed Not a Ground to Discharge Accused    

Bombay HC Allows Appeal Seeking ‘Equitable Distribution’ of Amounts Recovered from Assets - (15 Mar 2021)

CAPITAL MARKET

Bombay High Court has allowed appeals by an aggrieved investor in the National Spot Exchange as well as the Maharashtra government who had sought the 'equitable distribution' of amounts recovered from assets seized from the company, interpreting the term 'equitable' as it appeared in Section 7(4) of the Maharashtra Protection of Interest of Depositors (MPID) (In Financial Establishments) Act, 1999 as different from the term 'equal'."

Tags : BOMBAY HIGH COURT   ‘EQUITABLE DISTRIBUTION’ OF AMOUNTS RECOVERED FROM ASSETS  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved