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winding up

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sebi, crb mutual fund
Posted inNews

Delhi High Court upholds SEBI takeover of CRB Mutual Fund winding-up — Special Committee’s fiduciary lapses flagged; forensic audit and recovery directions sustained, appeals partly dismissed

Court’s decision The Delhi High Court partly dismissed two connected company appeals arising from the decades-old CRB Mutual Fund winding-up proceedings, upholding the learned Single Judge’s directions transferring control from…
Posted by Rawlaw January 28, 2026
promissory notes
Posted inNews

Bombay High Court Upholds Winding Up of Bassein Metals Private Limited for Non-Payment of Admitted Debts Despite Decree and Demand Promissory Note, Emphasising “It is Better to Bury a Company with No Assets Than Let It Default Further”

Court’s Decision The Bombay High Court dismissed the appeal filed by Bassein Metals Private Limited against the winding-up order dated 11 October 2007. The Court upheld the winding-up under Section…
Posted by Rawlaw July 10, 2025

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