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Showing contexts for: megacity developer in Deloitte Haskins & Sells Llp vs Union Of India Through Ministry Of ... on 4 March, 2020Matching Fragments
4. In another Company Petition No. 02 of 2014, the Union of India sought to debar the then present Directors (Appellants herein) from managing the affairs of the Company (M/s. Megacity Bangalore Developers and Builders Limited') and further to permit to nominate five Directors to manage the affairs of the Company while several Civil and Criminal cases were pending against the Company and its Directors. In the said Petition, the Tribunal vide impugned order dated 14th March, 2019 disposed of the said Company Petition by removing and debarring the Directors from managing the affairs of the Company and allowing the prayer of Union of India to appoint Directors.