https://www.taxtmi.com/caselaws?id=282218 The appeals filed by 'Reliance Infratel Limited & Ors.' and 'State Bank of India' against 'HSBC Daisy Investments (Mauritius) Ltd. & Ors.' under Sections 241 and 242 of the Companies Act, 2013, alleging oppression and mismanagement, resulted in the parties reaching final 'consent terms' to settle the disputes. The terms included a payment of INR 230 crore by the Appellants to the Respondents within 180 days and a Bank Guarantee provided by Reliance Communications Limited. This resolution led to the withdrawal of the Company Petition pending before the NCLT, Mumbai Bench, ensuring a comprehensive conclusion to the legal matters. en-us Fri, 29 Jun 2018 00:00:00 +0530 Sat, 27 Jul 2019 06:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282218 The appeals filed by 'Reliance Infratel Limited & Ors.' and 'State Bank of India' against 'HSBC Daisy Investments (Mauritius) Ltd. & Ors.' under Sections 241 and 242 of the Companies Act, 2013, alleging oppression and mismanagement, resulted in the parties reaching final 'consent terms' to settle the disputes. The terms included a payment of INR 230 crore by the Appellants to the Respondents within 180 days and a Bank Guarantee provided by Reliance Communications Limited. This resolution led to the withdrawal of the Company Petition pending before the NCLT, Mumbai Bench, ensuring a comprehensive conclusion to the legal matters. Case-Laws Companies Law Fri, 29 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282218