Corporate Debtor failed to refund or allot the shares against the money deposited towards purchase of shares, the said amount stand converted into debt – NCLT Hyderabad Bench

Shri Venkata Ramakrishna Badarinath Nandula and Shri Charan Singh Case Citation: (2023) ibclaw.in 266 NCLT The Adjudicating Authority held that a sum of Rs. one crore has been deposited by the Financial Creditor with the Corporate Debtor even though towards purchase of shares as the shares were not allotted, it was agreed by the Corporate […]

LexTalk World Talk Show with Amir Bavani, Founder, AB Legal

With many years of enriching experience in the field of Law and after playing a significant role at various organizational levels with leading Law Firms, Amir Bavani in November, 2021, established his own law office, AB Legal. He brings with him sound background in disputes resolution mechanism especially concerning the aspects of Companies Act and […]