TMI Blog2017 (5) TMI 1757X X X X Extracts X X X X X X X X Extracts X X X X ..... he merger is pending consideration before the High Court of Karnataka - HELD THAT:- Being the order of the Company Court permitting the merger is pending consideration before the High Court of Karnataka, this by itself would disentitle the petitioner from maintaining the present writ petition. In as much as the petitioner has made a grievance that his complaints are not being examined by the r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... April, 2017 to the Reserve Bank of India regarding the merger of three nonbanking financial companies with a fourth company Hasham Investment and Trading Co. Pvt. Ltd. In para 44 of the writ petition, the petitioner has averred as follows : 44. The petitioner states for the sake of disclosure that it having concluded that there was clear fraud in the manner of the merger having got approved t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y of winding up of the 3 NBFC's as per Sec 45 MC of the RBI Act and under Sec 271(g) of the Companies Act 2013. 2. It is therefore glaring from the above that the petitioner s challenge to the order of the Company Court permitting the merger is pending consideration before the High Court of Karnataka. 3. This by itself would disentitle the petitioner from maintaining the present writ pe ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
