board is prohibited from representing before the DRT.
1.3 The DRT, on an application made by one of the secured creditors of the Company under ... larger interest of the Company and subject to concurrence of the DRT. However, when the Receiver (a) decided to distribute dividend to the shareholders
allegation that the Respondent No. 2 was involved in day to day functioning of EWSL, it was argued that EWSL was under the control ... financial institutions recalled the loans and initiated recovery proceedings before DRT. The Petitioner continued with the diversion of funds belonging to EWSL. Being a guarantor
observed that the Company is already closed and is not functioning. The statutory authority will take appropriate steps for such non- compliance. On our over ... filed only in March, 2002 with a specific prayer to stop DRT proceedings. Thus, this petition appears to be a motivated one and as such
Maharashtra Power Development ... vs Dabhol Power Company And Ors. on 2 April, 2003
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