Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Delay and laches can defeat a request for interim protection against recovery proceedings where the party waits to approach the Court after receiving an initial notice threatening coercive action. The Court noted that the petitioner had already replied with objections to the notice, so any challenge to the proposed recovery and alleged non-consideration of the representation should have been made promptly at that stage. Because the petition was filed only after later recovery notices were issued, the delay was treated as unjustified for interim relief. Interim protection was refused, while the petition remained pending and the respondents were asked to explain the non-consideration of the representation and the timing of the recovery action.
Delay and laches can defeat a request for interim protection against recovery proceedings where the party waits to approach the Court after receiving an initial notice threatening coercive action. The Court noted that the petitioner had already replied with objections to the notice, so any challenge to the proposed recovery and alleged non-consideration of the representation should have been made promptly at that stage. Because the petition was filed only after later recovery notices were issued, the delay was treated as unjustified for interim relief. Interim protection was refused, while the petition remained pending and the respondents were asked to explain the non-consideration of the representation and the timing of the recovery action.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
