Legal News & Views

Cause Title : Venus Buildtech India Private Limited vs Senbo Engineering Limited, C.P. (IB) No. 60/KB/2021, National Company Law Tribunal Kolkata Bench Date of Judgment/Order : 4/8/2023 Corum : Smt. Bidisha Banerjee, Member (Judicial), Shri Balraj Joshi, Member (Technical) Citied:  Jignesh Shah and Another v. Union of India and Another, (2019) 10 SCC 750 Asset Reconstruction Company (India) Limited vs. Bishal Jaiswal and Another, (2021) 6 SCC 366 V. Padamkumar Vs. Stressed Asset Stabilization Fund (SASF) & Anr., C.A.(AT) (Ins) No. 57 of 2020 SLB Welfare Assn. v. PSA IMPEX (P) Ltd., Company Appeal (AT) (Insolvency) Nos. 905 and 642 of 2022, decided on 04-11-2022 Sri Subhankar Bhowmik v. Union of India and Anr., WP(C)(PIL) No.04/2022 decided on 14 March, 2022 Background Venus Buildtech  had originally filed  a suit under order 37 CPC in the month of November, 2010 before the ADJ, Delhi which was  decided and decree and as per the  said order/judgement dated 12 September, 2017,  Venus

Cause Title :  Canara Bank vs State of Himachal Pradesh & Ors., CWP No. 5194 of 2023, Himachal Pradesh High Court Date of Judgment/Order : 21/8/2023 Corum : Tarlok Singh Chauhan, Judge & Ranjan Sharma, Judge Citied:  Kotak Mahindra Bank Ltd. vs. Girnar Corrugators Private Limited and Others, (2023) 3 SCC 210 State of H.P. & LPA No. Ors vs. State Bank of India & Anr, 156 of 2021 Central Bank of India vs. State of H.P. & Ors, CWP No. 4751 of 2023 Punjab National Bank vs. Union of India & Ors (2022), 7 SCC 260 Background The Petitioner Bank had auctioned off the secured mortgaged property to recover the dues from the loanee. However after the issuance of Sale Certificate, when the Bank tried to get the property registered in the name of Auction Purchaser, the Sub-Registrar-cum-Assistant Collector verbally conveyed its inability, without disclosing any cogent and tangible reasons. Hence the instant petition. Judgment Allowing the petition and directing the Collector

Cause Title :  Kobelco Construction Equipment India Private Limited vs.  Lara Mining & Anr.,  AP 181 of 2023, Calcutta High Court Date of Judgment/Order :  11.08.2023 Corum : Hon’ble Justice Moushumi Bhattacharya Citied:  Duro Felguera, S.A. vs. Gangavaram Port Limited; (2017) 9 SCC 729 Inox Wind Limited vs. Thermocables Limited; (2018) 2 SCC 519 M.R. Engineers and Contractors Private Limited vs. Som Datt Builders Limited; (2009) 7 SCC 696 Sea Trade Maritime Corpn. v. Hellenic Mutual War Risks Assn. (Bermuda) Ltd. No. 2; 2006 EWHC 2530 Chloro Controls India Private Limited v Severn Trent Water Purification Inc. ; (2013) 1 SCC 641 Ameet Lalchand Shah vs Rishabh Enterprises; (2018) 15 SCC 678 Tantia Constructions Limited vs. Mather and Platt Pumps Limited in AP No. 72 of 2023 Background The Arbitration Petitions have been filed under section 9 of The Arbitration and Conciliation Act, 1996 by the petitioner seeks an injunction on the respondent no 1 from dealing with or disposing of t