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        Companies Law

        2013 (1) TMI 1034 - HC - Companies Law

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        Deposit Rs. 4.5 Crores to Avoid Coercive Action: High Court Order The High Court of Allahabad ordered the petitioner to deposit Rs. 4.5 Crores before 7.2.2013 to avoid coercive action. Quarterly deposits of the same ...
                      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.

                            Deposit Rs. 4.5 Crores to Avoid Coercive Action: High Court Order

                            The High Court of Allahabad ordered the petitioner to deposit Rs. 4.5 Crores before 7.2.2013 to avoid coercive action. Quarterly deposits of the same amount were required, with recovery proceedings stayed upon compliance. Counter and rejoinder affidavits were to be filed within specified timeframes for further proceedings. The case was linked with another writ petition for similar issues.


                            The High Court of Allahabad ordered the petitioner to deposit Rs. 4.5 Crores before 7.2.2013 to avoid coercive action. Quarterly deposits of the same amount were required, with recovery proceedings stayed upon compliance. Counter and rejoinder affidavits were to be filed within specified timeframes for further proceedings. The case was linked with another writ petition for similar issues.
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