https://www.taxtmi.com/caselaws?id=756245 Delhi HC disposed of winding up application involving land rights dispute. Court determined company entitled to 50%, 37.5% and 25% shares in respective lands but declined to adjust claimed Rs. 47 lakhs against Rs. 25 crores payable to OL as amount not admitted. Court sanctioned revised compromise scheme under Companies Act 1956 after ex-management filed updated assets/liabilities affidavit, directing OL to verify and respond. HC ordered new Disbursement Committee to continue payments to 1,719 remaining depositors/bondholders from available Rs. 9 crores, with committee functioning from May 1, 2024 and submitting bi-monthly reports. en-us Wed, 10 Apr 2024 00:00:00 +0530 Wed, 31 Jul 2024 08:35:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756245 Delhi HC disposed of winding up application involving land rights dispute. Court determined company entitled to 50%, 37.5% and 25% shares in respective lands but declined to adjust claimed Rs. 47 lakhs against Rs. 25 crores payable to OL as amount not admitted. Court sanctioned revised compromise scheme under Companies Act 1956 after ex-management filed updated assets/liabilities affidavit, directing OL to verify and respond. HC ordered new Disbursement Committee to continue payments to 1,719 remaining depositors/bondholders from available Rs. 9 crores, with committee functioning from May 1, 2024 and submitting bi-monthly reports. Case-Laws Companies Law Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756245