Administrator, Mcc Finance Ltd. vs Ramesh Gandhi on 26 July, 2005
Equivalent citations: [2005]127COMPCAS85(MAD), (2005)6COMPLJ432(MAD), [2005]63SCL326(MAD)
Author: D. Murugesan ... following are the averments in the application :
The applicant-company viz., MCC Finance Ltd. was a non-banking financial company. The company was part
Mcc Finance Ltd. (In Liquidation) vs Reserve Bank Of India on 10 December, 2001
Equivalent citations: [2002]110COMPCAS645(MAD), (2001)3MLJ98
JUDGMENT
E. Padmanabhan ... been filed by MCC Finance
Ltd. represented by the official liquidator praying that this Court confirm that the second respondent, Pearl Ships Ltd., now called
Mcc Finance Limited Having Its ... vs Reserve Bank Of India A Body ... on 6 July, 2001
Author: V.S. Sirpurkar
Bench: V.S. Sirpurkar
ORDER ... made to ascertain the real beneficiaries of the amounts siphoned off from MCC Ltd., through the investment companies. The Auditors have noted that brokerage
This application has been taken out by the administrator of MCC Finance Ltd., praying this court to direct the board of directors of Automobile Products ... this court, the total principal amount outstanding to the depositors by MCC Finance Ltd., is Rs. 165 crores, whereas the assets available with MCC Finance
Principal Commissioner Of Income Tax 4 vs M/S. Mcc Finance Ltd on 6 March, 2020
Author: V.K
Bench: Vineet Kothari , R.Suresh Kumar ... Road,
Chennai 600 034. ... Appellant in
all appeals
Vs.
M/s. MCC Finance Ltd.,
(Formerly Mercantile credit Corporation Ltd.,)
No.21, 3rd Floor, Arhti Arcade
Clothing 1.13 ICD
Sical ships 3.88 ICD
Profad 1.82 ICD
MCC Finance 10.99 ICD & loans and
advances
57.00
:- 5 -: ITA No.2608/Chny ... loans and advances figure due from
M/s.MCC Finance Ltd. amounting to ₹.10.99 crores, the assessee
submitted that the said company was in winding
applied for and
was granted permission to change its name to MCC Finance Ltd. The
change of name occurred on 23.05.1997.
6.1 Apparently ... winding up proceedings were initiated
against MCC Finance Ltd. These proceedings were instituted in Madras
High Court. The Madras High Court on that date
power
supply services. The assessee formerly known as M/s.MCC Finance Ltd.,
had provided unsecured loans to eight investment companies prior ... MCC Finance Ltd., went into liquidation and was under the
control of the official liquidator during the period August, 2000 to October,
2012. The said
Brief facts are that the assessee company was known as MCC
Finance Limited engaged in the business of hire purchase, leasing, etc.
MCC Finance Limited ... this period. The name of
the assessee company was changed from MCC Finance Limited to
Mercantile Ventures Limited w.e.f. 27.03.2013. The assessee company
Finance Ltd. The Assessee was
holding, preferential capital of this sister concern. In those
days many finance companies were facing problems and even
the MCC ... facing difficulties. In fact, winding
up proceedings were initiated against MCC Finance Limited
and the Hon'ble Jurisdictional High Court suggested that
