4 months ago
2
The Telangana High Court upheld a azygous justice bid which acceptable speech the auction conducted by the Union Bank of India noting that it was done successful usurpation of the provisions of the Companies Act-1956.
A seat of Justices K. Lakshman Kumar and Vakati Ramakrishna Reddy, pronouncing verdict successful an entreaty filed by the Union Bank of India, observed the azygous justice gave a reasoned and well-founded order. The part seat instructed the slope to to refund an magnitude of ₹6.45 crore to the 5th responsive on with 6% involvement per annum from the day of receiving the order.
