https://www.taxtmi.com/caselaws?id=245308 The court dismissed ICICI Bank's application for intervention and modification of court orders, citing it as premature, unjustified, and lacking bona fides. The court exercised discretion under Section 557 judiciously, emphasizing the importance of candour and fidelity to facts. ICICI Bank was ordered to pay exemplary costs for its mala fide application, with a directive to pay Rs.2.5 lakhs each to BNYM and GOL Offshore within four weeks. en-us Wed, 05 Mar 2014 00:00:00 +0530 Wed, 26 Mar 2014 09:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245308 The court dismissed ICICI Bank's application for intervention and modification of court orders, citing it as premature, unjustified, and lacking bona fides. The court exercised discretion under Section 557 judiciously, emphasizing the importance of candour and fidelity to facts. ICICI Bank was ordered to pay exemplary costs for its mala fide application, with a directive to pay Rs.2.5 lakhs each to BNYM and GOL Offshore within four weeks. Case-Laws Companies Law Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245308