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        Companies Law

        2017 (4) TMI 1403 - HC - Companies Law

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        Bank awarded Rs. 22 crore+ interest by Calcutta High Court for unresponsive company, ads in specified papers. The Calcutta High Court granted a bank over Rs. 22 crore plus interest from a company that did not respond to a notice. The bank was directed to publish ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Bank awarded Rs. 22 crore+ interest by Calcutta High Court for unresponsive company, ads in specified papers.

                              The Calcutta High Court granted a bank over Rs. 22 crore plus interest from a company that did not respond to a notice. The bank was directed to publish ads in 'The Telegraph' and 'Bartaman' by a specified date. Subsequent actions were deferred for potential settlement talks, with a review scheduled for June 26, 2017.


                              The Calcutta High Court judgment (2017) stated that a bank was owed over Rs. 22 crore by a company, with no response to the notice. The bank was granted the amount plus interest, and instructed to publish ads in 'The Telegraph' and 'Bartaman' by a certain date. Further actions were postponed pending possible settlement discussions, with a review set for June 26, 2017.
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