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- SEKAR REPORTER
- Bank Amalgamation case full order copy /THE HON’BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICEANDTHE HON’BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHYW.P.Nos.17521, 17958, 19162, 19177, 19360, 19367,
- Hon’ble Court directed “the RBI to carry out the exercise of valuation of shares and assets of both DBIL and LVB as on the date before amalgamation, and on that basis, take a decision afresh on (a) reduction of the value of shares and (b) writing off the tier -II Bonds” within a period of four months.The learned counsels M/s Ankur Kashyap, Mr. Ramaswamy Meyyappan, Mr. Rohit Rajershi, Mr. Arjun Suresh and Mr. Viyyash Kumar appeared for the Aum Capital Markets Pvt Ltd.
- In this regard, the Secretary to Government made a submission that all actions for effective administration will be completed within a period of 15 days and thereafter, further actions will be initiated for the purpose of completing works relating to Kalaimagal Sabha. In this regard, therespondents are directed to file a status report on 04th June, 2024.Page 1 of 2https://www.mhc.tn.gov.in/judisS.M.SUBRAMANIAM, J.Jeni
- In the result, the Writ Petitions are disposed of, on the followingterms,(i) Sections 4 and 4A of the Tamil Nadu Regulation of Rights andResponsibilities of Landlords and Tenants Act, 2017 (Tamil Nadu Act 42 of2017) are read down to restrict their operation only for the purposes of the Act(Tamilnadu Act 42 of 2017) as delineated in paragraph 15.2 supra ;(ii) The rest of the provisions of the impugned enactment are declaredto be valid.(iii) There shall be no order as to costs. Consequently,W.M.P.Nos.4728, 8860 of 2020; 16530, 18266, 22579, 22582, 22588, 22590,26521, 26523, 27596, 27597, 28342, 28519, 28525 of 2021; 7703, 7708, 1731, 16864, 23302, 23303, 23304 of 2022; 991 and 1718 of 2023 are closed.(S.V.G., CJ.) (D.B.C., J.)23.04.2024Index : YesSpeaking orderNeutral Citation : YesJerTo
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Recent Posts
- SEKAR REPORTER
- Bank Amalgamation case full order copy /THE HON’BLE MR.SANJAY V.GANGAPURWALA, CHIEF JUSTICEANDTHE HON’BLE MR.JUSTICE D.BHARATHA CHAKRAVARTHYW.P.Nos.17521, 17958, 19162, 19177, 19360, 19367,
- Hon’ble Court directed “the RBI to carry out the exercise of valuation of shares and assets of both DBIL and LVB as on the date before amalgamation, and on that basis, take a decision afresh on (a) reduction of the value of shares and (b) writing off the tier -II Bonds” within a period of four months.The learned counsels M/s Ankur Kashyap, Mr. Ramaswamy Meyyappan, Mr. Rohit Rajershi, Mr. Arjun Suresh and Mr. Viyyash Kumar appeared for the Aum Capital Markets Pvt Ltd.
- In this regard, the Secretary to Government made a submission that all actions for effective administration will be completed within a period of 15 days and thereafter, further actions will be initiated for the purpose of completing works relating to Kalaimagal Sabha. In this regard, therespondents are directed to file a status report on 04th June, 2024.Page 1 of 2https://www.mhc.tn.gov.in/judisS.M.SUBRAMANIAM, J.Jeni
- In the result, the Writ Petitions are disposed of, on the followingterms,(i) Sections 4 and 4A of the Tamil Nadu Regulation of Rights andResponsibilities of Landlords and Tenants Act, 2017 (Tamil Nadu Act 42 of2017) are read down to restrict their operation only for the purposes of the Act(Tamilnadu Act 42 of 2017) as delineated in paragraph 15.2 supra ;(ii) The rest of the provisions of the impugned enactment are declaredto be valid.(iii) There shall be no order as to costs. Consequently,W.M.P.Nos.4728, 8860 of 2020; 16530, 18266, 22579, 22582, 22588, 22590,26521, 26523, 27596, 27597, 28342, 28519, 28525 of 2021; 7703, 7708, 1731, 16864, 23302, 23303, 23304 of 2022; 991 and 1718 of 2023 are closed.(S.V.G., CJ.) (D.B.C., J.)23.04.2024Index : YesSpeaking orderNeutral Citation : YesJerTo