Rulings
HC: Complaint for cheque bouncing case maintainable only when filed by payee
CLB: Exempts deeply divided co. board from special resolution requirement to avail Govt. dole
HC: Admits winding-up petition; Rejects respondent’s ‘inconclusive debt-quantum’ defence, as not bonafide
HC: Expresses disappointment on litigants’ false statements on oath, scant respect for Courts
HC: Upholds cheque bouncing proceedings initiated against defaulter co’s Finance Manager
CLB: Dismisses challenge to decade-old allotment/transfer, upholds Board’s discretionary share-transfer powers under Articles
HC: Inadequate quorum in Court-convened meeting a ‘statutory infraction’/‘nullity’, dismisses demerger petition
HC: Sanctions amalgamation scheme; Tax reduction not against public policy
HC: Guarantor’s assignment of liquidating co’s hypothecated securities, without Court’s leave, void & illegal
HC: Finance Manager involved in co.’s core functioning held vicariously liable for cheque-bouncing
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