https://www.taxtmi.com/caselaws?id=302194 The court upheld the Maharashtra Industrial Development Corporation's right to issue the show-cause notice challenged by the Petitioner, an Asset Management Company claiming rights under a Deed of Assignment from Dewan Housing Finance Corporation Ltd. The court emphasized that the Petitioner, as an assignee, could only act within the confines of the original agreement and respond to the notice with permissible defenses. The challenge to the show-cause notice failed, resulting in the dismissal of the Writ Petition. The court acknowledged the Petitioner's ability to respond to the notice as the successor in interest of Dewan Housing Finance Corporation Ltd. en-us Mon, 04 Nov 2019 00:00:00 +0530 Tue, 10 May 2022 08:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302194 The court upheld the Maharashtra Industrial Development Corporation's right to issue the show-cause notice challenged by the Petitioner, an Asset Management Company claiming rights under a Deed of Assignment from Dewan Housing Finance Corporation Ltd. The court emphasized that the Petitioner, as an assignee, could only act within the confines of the original agreement and respond to the notice with permissible defenses. The challenge to the show-cause notice failed, resulting in the dismissal of the Writ Petition. The court acknowledged the Petitioner's ability to respond to the notice as the successor in interest of Dewan Housing Finance Corporation Ltd. Case-Laws Insolvency and Bankruptcy Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302194