Learned Counsel appearing for the Respondent-Small Industries
Development Bank of India (SIDBI).
2. This Appeal has been filed against the Order dated 09.11.2022 passed ... notice under Section 230(9) of the
Companies Act.
5. Learned Counsel for the Bank (SIDBI) submits that Bank has already
approved the scheme
Lakhs/- with SIDBI without prejudice to their rights
and contentions and pending settlement talks with the Directors and
SIDBI; but despite all efforts, the Adjudicating ... SIDBI regarding 'Related Party'
is factually incorrect; that as per the provision of Section 161(1) of the
Companies Act, 2013, (hereinafter referred
Banking Regulation Act, 1949
read with Section 56 of the Banking Regulation Act, 1949;
Chapter IIIB of the Reserve Bank of India Act ... Sections 30A , 32 and 33 of the National Housing Bank Act,
1987, the Reserve Bank, being satisfied that it is necessary
and expedient
meeting
dated 07.03.2024 if any. Accordingly, this application being I.A.
(Companies Act) No. 1/KB/20285 is disposed of."
28. The NCLT ... Companies Act ) No 1 of 2025 in T.P (Companies Act) No. 22 of 2022, to the
extent challenged herein.
52. The impugned order
Banks);
(b) All India Term Financial Institutions
(NABARD, NHB, EXIM Bank, and
SIDBI);
(c) Small Finance Banks; and
(d) Systemically Important Non-Deposit
taking ... been explained in the Circular
in following words:-
"Restructuring is an act in which a lender, for
economic or legal reasons relating
Banks);
(b) All India Term Financial Institutions
(NABARD, NHB, EXIM Bank, and
SIDBI);
(c) Small Finance Banks; and
(d) Systemically Important Non-Deposit
taking ... been explained in the Circular
in following words:-
"Restructuring is an act in which a lender, for
economic or legal reasons relating
sentence for
the offence under Section 138 of the
Negotiable Instruments Act it is advisable
that the court imposes a condition that the
fine part ... Limited and
Anr. vs. The SmallScale Industrial Development Bank of India
(SIDBI ), 2003 (6) KarLJ 387, where while interpreting Section
Small Scale Industrial Manufactures ... vs Union Of India on 23 March, 2021
Equivalent citations: AIRONLINE
Regional Provident Fund Commissioner vs Ashish Chhawchharia & Anr on 21 October, 2022
Author: Ashok
Indian Bank vs Charu Desai Erstwhile Resolution ... on 6 May, 2022
Author: Ashok Bhushan
Bench
