Restructure - Year 2017 - Judgments

Mar 06 2017 (HC)

Subhasis Kundu and Ors. Vs.uoi & Anr.

Court: Delhi

Decided on: Mar-06-2017

..... 01 11 2003 i e the date of effecting of restructuring iv the restructuring actually took place on 21 01 2004 and v ..... subsequently the strength of private secretaries was reduced when the restructuring was effected he submits that the then director administration ii ..... vacancies and third vacancies which had occurred prior to the restructuring were to be filled in terms of the erstwhile departmental .....

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Jul 10 2017 (HC)

A2z Infra Engineering Ltd. Vs.icici Bank Limited

Court: Delhi

Decided on: Jul-10-2017

..... the rbi it is submitted that cdr mechanism is a voluntary non statutory mechanism for restructuring of multiple consortium advances of lenders various guidelines in the master circulars issued by ..... regards wctl and fitl the conversion option would be available at any time during the restructuring period the borrower should provide shareholder resolution under section 81 1a for conversion within .....

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Feb 03 2017 (HC)

Asmitha Microfin Limited (Asmitha)

Court: Andhra Pradesh

Decided on: Feb-03-2017

..... institutions regulation of money lending act 2010 the petitioner company proposed a corporate debt restructuring package cdr to its lenders the same was approved by the lenders including the ..... second tier structure in the cdr mechanism which decides individual cases of corporate debt restructuring cdr eg in respect of each individual case comprises of executive director level representatives .....

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Aug 31 2017 (SC)

M/S. Innoventive Industries Ltd Vs. Icici Bank

Court: Supreme Court of India

Decided on: Aug-31-2017

..... to collectively assess viability the law must ensure the capability and the willingness to restructure their liabilities must be part of the negotiation process the liabilities of all ..... follows t nature of obligations the obligations under this agreement and the other direct restructuring documents unconditional and general obligations of the borrower and the reconstituted facilities rank at .....

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Aug 28 2017 (HC)

Consortium of Alstom Transport India Ltd. And Alstom Transport s.a. An ...

Court: Delhi

Decided on: Aug-28-2017

..... petition alleges that during 2013 14 alstom group as part of its global business restructuring strategy consolidated the business sectors worldwide into four sectors namely power transport renewable ..... transportation business and rolling stock manufacture in the meanwhile the alstom group went a restructuring resulting in organization of its ventures into four broad commercial lines verticals the .....

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Feb 07 2017 (HC)

Iae International Aero Engines Ag Vs. United Breweries(holdings) Limit ...

Court: Karnataka

Decided on: Feb-07-2017

..... holdings limited under cdr bharati shipyard 85 244 11 000 crores restructuring approved under cdr sterling group 7 000 crores and ispat ..... crores it is not without significance that each of the aforesaid restructuring cases the total outstanding due to the banks was more ..... negotiating with our bankers for the past few months on a restructuring package so as to achieve reduction in interest costs and .....

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Feb 07 2017 (HC)

IAE International Aero Engines AG, Represented herein by its Attorney, ...

Court: Karnataka

Decided on: Feb-07-2017

..... 12 2010 the master debt recast agreement mdra was recast for restructuring of the various loans of kfal and even further loans were ..... crores it is not without significance that each of the aforesaid restructuring cases the total outstanding due to the banks was more than ..... negotiating with our bankers for the past few months on a restructuring package so as to achieve reduction in interest costs and to .....

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May 29 2017 (HC)

Strategic Credit Capital Pvt. Ltd. & Ors. Vs.ratnakar Bank Ltd. &Anr

Court: Delhi

Decided on: May-29-2017

..... under section 132 was initiated against these companies that petitioner no 1 was involved in restructuring related actions and the petitioners jointly have over other 18 litigations pending at various stages ..... in the financial year 2015 2016 and was set aside to be utilized for another restructuring transaction that involved payments to labours and contractors that were ordinarily paid in cash in .....

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May 29 2017 (HC)

Veena Singh vs.director of Income-Tax (Investigation)-I& Ors.

Court: Delhi

Decided on: May-29-2017

..... under section 132 was initiated against these companies that petitioner no 1 was involved in restructuring related actions and the petitioners jointly have over other 18 litigations pending at various stages ..... in the financial year 2015 2016 and was set aside to be utilized for another restructuring transaction that involved payments to labours and contractors that were ordinarily paid in cash in .....

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Jul 14 2017 (HC)

Union of India and Anr. Vs.jai Singh & Anr.

Court: Delhi

Decided on: Jul-14-2017

..... in issuing such directions it is further contended that the vacancies had arisen because of restructuring and therefore could not have been regularized by applying old rrs it is further contended ..... regular appointment to these posts was also sought however the dopt advised that since on restructuring of the service the old rrs have become obsolete the regular promotions could not be .....

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