NCLAT says club’s affairs were formerly being conducted in manner prejudicial to public interest, but adds govt-appointed committee can't supersede the club management indefinitely.
NCLT dissolved Delhi Gymkhana Club’s general committee last year on various allegations made by govt. NCLAT has upheld that verdict, and govt has appointed an administrator.
Govt has filed a petition with National Company Law Tribunal, and Delhi Gymkhana management committee says it needs a few days after lockdown to respond.
Court says aggrieved home buyers can now approach the National Company Law Tribunal, Real Estate Development Authority as well as the consumer forums against defaulting companies.
IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totalling 33.9 crore rupees due for the period from Sept 30 to Oct 4
Shivinder this month filed an application before the National Company Law Tribunal alleging Malvinder's actions undermining interests of their companies.
The Mumbai bench of National Company Law Tribunal has placed Anil Ambani's Reliance Communications Ltd. under insolvency proceedings. This will prevent Anil Ambani from selling RCom's airwaves, towers, and fiber assets to his elder brother's company.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
The govt must retain control over the club. It should be a forum for the babus to socialize and have a good time.
If handed over to private citizens, it would invariably become an exclusive haunt of the rich and the famous.
One would prefer the babus over the elites of our society any day.
The govt must retain control over the club. It should be a forum for the babus to socialize and have a good time.
If handed over to private citizens, it would invariably become an exclusive haunt of the rich and the famous.
One would prefer the babus over the elites of our society any day.