Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Persons who acquired or sold a secured asset during an operative moratorium were entitled to be heard because their substantive civil rights were exposed to adjudicatory scrutiny; the tribunal applied the principle that parties whose rights may be affected by ongoing proceedings are necessary and proper parties and may be impleaded to prevent collateral damage. On that basis both impleader applications were allowed, the applicants were directed to be impleaded as respondents, and the appellant was ordered to amend the memorandum of parties, serve appeal papers on them, and comply with specified timelines for objections and rejoinders.
Persons who acquired or sold a secured asset during an operative moratorium were entitled to be heard because their substantive civil rights were exposed to adjudicatory scrutiny; the tribunal applied the principle that parties whose rights may be affected by ongoing proceedings are necessary and proper parties and may be impleaded to prevent collateral damage. On that basis both impleader applications were allowed, the applicants were directed to be impleaded as respondents, and the appellant was ordered to amend the memorandum of parties, serve appeal papers on them, and comply with specified timelines for objections and rejoinders.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
