Search Results for Tag : Liquidator

News

SC: Valid Auction Can’t be Cancelled on Mere Expectation of Fetching Higher Price(08.09.2023)

Supreme Court has held that while the highest bidder has no indefeasible right to demand acceptance of his bid, mere expectation of the Liquidator tha.....

Tags : Supreme Court, Auction, Liquidator, Higher Price

NCLAT: AA Can Consider Any Application Arising Out Of Sale In Liquidation(19.10.2022)

National Company Law Appellate Tribunal, Delhi has observed that the Adjudicating Authority (AA) is empowered to consider any application filed by the.....

Tags : National Company Law Appellate Tribunal, Liquidator, Auction, Adjudicating Authority

NCLAT: Adjudicating Authority Can Invoke Inherent Powers To Replace The Liquidator(21.10.2022)

National Company Law Appellate Tribunal has held that the Adjudicating Authority can invoke its inherent powers to replace the Liquidator and to do s.....

Tags : National Company Law Appellate Tribunal, Liquidator, inherent

Shareholders can Apply for Settlement Approval with Creditors Even After Liquidator Appointed: NCLAT(16.04.2019)

National Company Law Appellate Tribunal has held that shareholders/promoters of a company can file application for approval of settlement with credito.....

Tags : NCLAT, Settlement Approval, Official Liquidator

International Cases

Court has power to allow liquidator to dispense with Rule 7.5(6) of Supreme Court (Corporations) Rules, 2004(24.08.2023)

By originating process filed on 6 April 2023 (Application), the first and second plaintiffs as liquidators (Liquidators) of Maybach Consulting Pty Ltd.....

Tags : Liquidator, Release, Entitlement

Court has power under Section 25(9) of the Supreme Court Act, to appoint a receiver where it appears to be just and convenient(20.12.2023)

In facts of present case, the first Plaintiff, Jennifer Elizabeth Low, was appointed as liquidator of the second plaintiff, Midwest Marine Pty Ltd (Li.....

Tags : Appointment, Liquidator, Power

A person applying for the winding up of a company has to lodge a notice with Australian Securities Investments Commission(15.05.2024)

In present matter, on 7 May 2024, Digital Dealership Pty Ltd (Company) filed an application for orders that it be wound up on the grounds of insolvenc.....

Tags : Winding up, Liquidator, Appointment