Solapur Tollways Private Limited vs Union Bank Of India Limited on 20 November, 2025
NATIONAL
account with Vijaya Bank was declared as "Non
Performing Asset"("NPA") in the first quarter of 2014, and subsequently,
a notice ... with malafide intention to defraud the secured creditors, by
keeping the asset beyond their reach.
(j) The impugned transaction vide 2014 Agreement was covered within
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with
Performing Asset (NPA) in September 2014 by consortium lenders,
suggesting that the impugned transactions were undertaken to divert assets
beyond the reach of creditors, particularly ... transactions as those where the value received is significantly less than the asset's
market value. The impugned transactions meet this criterion, with