Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
SC directed formation of Special Investigation Team (SIT) to probe potential collusive practices between banks and builders in housing development projects across Noida, Greater Noida, and Gurugram regions. The court noted significant non-compliance with previous judicial directives, with only 9 banks and 5 developers submitting required affidavits. The Standing Counsel for CBI was instructed to be present for SIT constitution and potential case registration, focusing on investigating financial irregularities where homebuyers have paid substantial amounts but projects remain unfinished or unstarted. The ruling emphasized strict adherence to regulatory guidelines, protecting homebuyers' interests, and ensuring transparent fund disbursement by financial institutions.
SC directed formation of Special Investigation Team (SIT) to probe potential collusive practices between banks and builders in housing development projects across Noida, Greater Noida, and Gurugram regions. The court noted significant non-compliance with previous judicial directives, with only 9 banks and 5 developers submitting required affidavits. The Standing Counsel for CBI was instructed to be present for SIT constitution and potential case registration, focusing on investigating financial irregularities where homebuyers have paid substantial amounts but projects remain unfinished or unstarted. The ruling emphasized strict adherence to regulatory guidelines, protecting homebuyers' interests, and ensuring transparent fund disbursement by financial institutions.
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