SC Slams Akola Cops For Dereliction, Orders Formation of SIT With Hindu and Muslim Officers  ||  Delhi HC Rules Employed Wife Deserves Maintenance Matching Marital Standard of Living  ||  Delhi HC Restrains Unauthorized Use of Abhishek Bachchan’s Name, Image, & Voice  ||  J&K&L HC: Custody Can't Favor Either Parent Solely Based On Gender; Constitution Forbids Bias  ||  Kerala HC Rejects Anticipatory Bail to IT Firm Owner in Sexual Harassment Case Citing Probe Anomalies  ||  SC Criticizes Punjab National Bank for Settling With Borrower Post-Auction of Secured Property  ||  Delhi HC: GST Officials Need Lawyer’s Consent or Presence to Access Their Computer Devices  ||  Kerala HC Paves Way for Global Ayyappa Sangamam, Directs Steps to Uphold Sabarimala's Sanctity  ||  Delhi HC: No Certification for Films That Mock Religions or Incite Hate in a Secular Society  ||  Bombay HC: Missing a Few Hearings Isn't Enough to Dismiss a Case for Non-Prosecution    

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 2025 - All Rights Reserved