← Library
Bombay High CourtCSP/387/2016scheme sanctioned company

Globtech Advisory Services Ltd. v. -

2016-12-09Hon'Ble Shri Justice S.C. Gupte10 pages

 



            

 

   

 !"  

#

        !" 

   

$$$$%&%&'() ('*((+,'- !    

 

   

 !"  

#

      . !"        

$$$$%&%&'() ('*((+,'-     

 

   

/ !"  

#

      0 !"   

  

$$$$%&%&'() ('*(+,'- ' %1 +%%(  %1 +,'&* 2%3 !/0" 4!  !/0"56   ' %1 +%%(  2%&'* /! % /. (7 8&%1 2%&'*! %!

%1+,'&*2%3!/0"6   '%1+%%(21+(('+'% 9%8'

:9%21 7;&*(- (;&2* &+&%7 4< = ( < 1%('*((+,'- !=5 

'7 :&'2 1(+: '(- &+&%7 4<

= ( < ('*((+,'- =5 '7 -+>'7+8(&+&%74<=(< ('*( +,'-=5 '7

1&((*,2%&;1(1:7(* 

 !"#

*$:,' 1'3?'*:3($@*1118&%1($1+71?'8: &)9@*111A$37;2%(%1%&%&'(*&'%1%&%&'$ ($$$&'1&)9($'>@B,((%1&':&(2%($ ($&'71(+3&2&:&C?&7%(3,(*'%$ D$$ ?,%$  

D/%12+9(3 !" !$

(7 2?'*: ( %1 ,(%&*$  9@2%( 1* 2+ 9( %1 2?(% % ,,*%121+'7'('-,(%-1*2'%(;(%7'-;(+'%*+7 &'%1%&%&'*$ $

1*'2%&'%1?(%&**?1%?'7(2%&'* /!% /.(78&%1 2%&'* !  % !

  %1 +,'&* 2%3 !/0"3 % %1 21+  (('+'% 9%8' :9%21 7;&*(- (;&2* &+&%7 4< = ( < ('*(( +,'-  !=5 '7 :&'2 1(+: '(- &+&%7 4<

=(< ('*((+,'- =5'7-+>'7+8(&+&%7 4<=(< ('*(+,'-=5'7%1&((*,2%&;*1(1:7(*$ 

$ ('7 ?'*: ( %1 %&%&'(* *%% %1% %1 ('*(( +,'&* '7 %1 ('*( +,'- ( '7 &' %1 9?*&'**  %(7&' '7 &';*%+'%2%&;&%&*$ 1(%&':(%121+&*%(7?2+'(&: ;(:,*3 81&21 ( '2**(&:- &';:;7 &' (?''&' +?:%&,: '%&%&*3 (7?2 7+&'&*%(%&; 2*% '7 21&;&' ,(%&': '7 +'+'% &2&'2-$ .$ ('72?'*:(%1%&%&'(*?(%1(*%%*%1%%1(7&(2%(*  %1 %&%&'( +,'&* 1; ,,(;7 %1 *&7 21+ 9- ,**&' (7*:?%&'*381&21(''E7%%1(*,2%&;+,'-21+ %&%&'*$ 0$

1:('72?'*:(%1%&%&'(**%%*%1%%1(7?2%&' C?&%- 1(,&%:%1 ('*(+,'-*1::92%7*'&'%(: ,(%%121+'7&%'&%1(&';:;*7&+&'?%&':&9&:&%-&'(*,2% ?',&7*1(2,&%:'(,-+'%%'-*1(1:7('-,&7?,*1( 2,&%:'7?,''?'7(%>&'&;'9-%1 ('*(+,'-%,** *,2&: (*:?%&'3 %1 ,(27?( ,(*2(&97 ?'7( *2%&' ! !45  %1 +,'&* 2%3 !/0" 8* 7&*,'*7 8&%1 * ,( (7( 7%7 !"%1 ,(&:3  !" ,**7 &' +,'- ?++'* ( &(2%&' $ 0   !"$ 22(7&':-3%1?'7(%>&'%,***,2&:(*:?%&'1*9'2+,:&7 8&%1'7%1*&7*,2&:(*:?%&'&*''E7* E1&9&%%%1+,'- 21+%&%&' $

/ !"$ "$ ('7 ?'*: ( %1 %&%&'(* ?(%1( *%%* %1% %1 %&%&'( +,'&* 1; 2+,:&7 8&%1 :: %1 7&(2%&'* ,**7 &' +,'- ?++'*(&(2%&'*'7%1%%1+,'-21+%&%&'*1;9' &:7 &' 2'*''2 8&%1 %1 (7(* ,**7 &' +,'- ?++'* ( &(2%&'*$

$

1:('72?'*:,,(&''91:%1%&%&'(*1**%%7%1% %1%&%&'(*1;2+,:&78&%1::(C?&(+'%**,(7&(2%&'*%1&* ?(%'7%1-1;&:7'2**(-&7;&%*2+,:&'2&'%1?(%$ $

(;(3%1%&%&'(+,'&*?'7(%>%2+,:-8&%1::*%%?%(- (C?&(+'%*3&'-3*(C?&(7?'7(%1+,'&*2%3!/0") ! '7 %1?:*+7%1(?'7(81&21;(,,:&29:$ 1*&7?'7(%>&'&* 22,%7$

$

1&2&:&C?&7%(1*&:71&*(,(%''77-2+9(3 !"&' +,'- 21+ %&%&' *$

   !" A

   !"3 &'%(:&3 *%%&'%1%%1&(*%1 ('*((+,'&*1;9'2'7?2%7&' ,(,(+''('7%1%%1 ('*((+,'&*+-9(7(7%9 7&**:;78&%1?%8&'7&'?,$ /$

1&':&(2%(1*&:7'&7;&% '0%12%9(3 !"*%%&' %1(&'%1%*;'7E2,%**%%7&',((,1"%1*&7&7;&%3&% ,,(* %1% %1 21+ &* '% ,(@?7&2&: % %1 &'%(*%  *1(1:7(* '7,?9:&2$',((,1"%1*&7&7;&%&%&**%%7%1%D  

       

       

                 

                               

                   !             

   "# 

 

        $    

   %    

     

    &  

  ' ("#     

  %

              )*#  *        



              





  + %                



              

 

              



        *,-               

 

  $

             

% 

  %      '          .

 +                              

 

 !       

         

 &      %,/"*         ,"    ,             

#%"/%///.

    0  "/1( 

       

 

  &  

          &

& 

    1       .

          " .

   0 "/

  ".

   0 *-/ 

    '     #%"/%/// .

    0 *-/    "%#*%-//

  .

   0 "/"( !    

                '        

     *,"  *                  

          %           

      & 02 ""3.

    0 "/1(

     

 

   "// .

     0 "/1(

   .

     



("    *,-  , '         4.

          0  "/%///  

 

        .

      

 

 ,         "     0  "

     

 

   "     '

0  " 

  

          

 

, !      4             

    



  ! $ '(*,'*%9;9*(;%&'*%1&':&(2%(3%1%&%&'( +,'&*1;&:7(*,2%&;&7;&%*&'(,:-7%7'7 ;+9(3  !"7:&'8&%1%19*(;%&'*+79-%1&':&(2%($ !!$ * ( * 9*(;%&'* +7 &' ,((,1 "45  %1 &7;&%  %1 &':&(2%((2'2('73%1%&%&'(+,'&*1;*?9+&%%7 %1%%1-8&::2+,:-8&%1::,,:&29:,(;&*&'*%1'2+ E2% '7::%E&**?*(&*&'?%%121+8&::9+%'7'*8(7&' 22(7'28&%1:8$ !$ * ( %1 9*(;%&'* +7 &' ,((,1 "495  %1 &7;&% ( 2'2('73 %1 ('*( +,'- *1:: 2+,:- 8&%1 22?'%&' %'7(7F!.'7'-%1(,,:&29:22?'%&'%'7(7*$ !

$ * ( * ,((,1 "425  %1 &7;&%  %1 &': &(2%( &* 2'2('73 %1 &': &(2%( 1* '% *%%7 '- 9@2%&' % *?21 2:?*$ !.$ * ( * 9*(;%&'* +7 &' ,((,1 "475  %1 &7;&%  %1 &': &(2%( ( 2'2('73 %1 ('*( +,'- 1* *?9+&%%7 %1%%1(&**&':8&'782:('2(::::&72%*%97'9-%1 +,'&* &';:;7 &' %1 21+ % ;&7 ?''2**(-3 +?:%&,: '7 2?+9(*+,(27?(*(C?&(7%9::87?'7(;(&?*,(;&*&'*$

1((3*,(%,(27?()(+:&%&*(&**?'7::%+'%*1(* 4*,(2:?* $5&*'%(C?&(7%9::87'7&*9&'7'*' (

&'%(:,(%%121+$ 1 ('*(+,'-%1(?1&%*2?'*: 1*?'7(%>'%&'2(*&%*?%1(&G7*1(2,&%:%(&;&'2%% 2:?*.$%121+'78&::%>'2**(-*%,*&'%1&*91:?'7( %1+,'&*2%3!/0") !

$ 1E,:'%&''7?'7(%>&'&*?'7 %9*%&*2%(-$ !0$ * ( * 9*(;%&'* +7 &' ,((,1 "45  %1 &7;&%  %1 &':&(2%((2'2('73:?*$!,(;&7*((('&*%&' %1 *1( 2,&%:  %1 ('*( +,'- * ' &'%(: ,(%  %1 21+$?(%1(3%1 ('*(+,'-1*,**7*,2&:(*:?%&' ((('&*%&'&%**1(2,&%:%'E%((7&'(-'(:+%&' %1*1(1:7(*$ 1(C?&(+'%**,(+,'&*2%!/0") ! (+%$ 1&* '=9:?(%1*9-&%*(7(7%7!"%1,(&:3 !",**7 &' +,'- ?++'* ( &(2%&' $ 0   !" 7&*,'*7 8&%1 ::8&',(27?(?)*! 45%1+,'&*2%3!/0"$ 1*&7 E,:'%&'&*?'7%9*%&*2%(-$ !"

$ * ( * 9*(;%&'* +7 &' ,((,1 "45  %1 &7;&% ( 2'2('732:?* $21+7:*8&%1&**?'7::%+'%*1(* ,?(*?'%%%121+$ 1%&%&'(+,'&*1;2:(&&7%1%8&%1 (*,2% % *1(* % 9 &**?7 % %1 C?&%- *1(1:7(*  ('*(( +,'- 3!3 *1(**$! 218(%1*$! 3 8&::9&**?7 '7::%%7%%1C?&%-*1(1:7(*%1 ('*((+,'- ' ,(,(%&'%9*&*$ 1C?

1 *&7 E,:'%&' &* ?'7 % 9 *%&*2%(-$ ?(%1(3 21+ (('?*:-,(;&7*(&**?,(('2*1(* ('*(+,'- %%1,(('2*1(1:7(*%1 ('*((+,'- $&'*%7 %1 ('*((+,'- $!$;1*9'('%7%+'7:?*

$$!%121+22(7&':-$+'7+'%%92((&7?%8&%1&'' 8>(+%7-$ )

!

$ 1 ('7 ?'*: ( &': &(2%( ' &'*%(?2%&'*  &'% &(2%( &' %1 &2  %1 &': &(2%(3 &'&*%(-  (,(% &(*3#*%('&'3?+9&1*'%(&*7'-?(%1(9@2%&'*% %1*?9+&**&'*+79-%1%&%&'(+,'&*$ 1*&7*?9+&**&'* '7?'7(%>&'*%1%&%&'(+,'&*(22,%7$ !

$ (+%1+%(&:'(2(73%121+,,(*%9&('7(*'9: '7&*'%;&:%&;'-,(;&*&'*:8'7&*'%2'%((-%,?9:&2 ,:&2-$ !/$ &'2 :: %1 (C?&*&% *%%?%(- 2+,:&'2* 1; 9' ?:&::73 %1 +,'-21+%&%&' *$

 !"A

 !"&:79-%1 %&%&'(+,'&*(+79*:?%&'%(+*,(-(2:?**453425 '7475'7%1 +,'-21+ %&%&' $

/   !" &:7 9-%1 %&%&'(+,'-&*+79*:?%&'%(+*,(-(2:?**453495'7 475$  $ 1%&%&'(+,'&*%&:'?%1'%&2%72,-%1&*(7('7%1 21+ '7 (+  &'?%* 8&%1 %1 2'2('7 ?,(&'%'7'%  %+,*3(%1,?(,*7@?7&2%&'*%+,7?%-,-9:3&'-3' %1*+8&%1&'" 7-*(+%17%%1(7($ !$ 1%&%&'(+,'&*(7&(2%7%&:'?%1'%&2%72,-%1&* (7( :' 8&%1  2,-  %1 21+ '7 (+  &'?%* 8&%1 %1 2'2('7&*%((+,'&*3:2%('&2::-3:'8&%1 F(+ F

 &' 77&%&' % ,1-*&2: 2,- * ,( %1 (:;'% ,(;&*&'*  %1 +,'&*2%3 !

$ $ 1%&%&'(*&':: %1+,'-21+%&%&'*%,-2*%**$ ! 3 )F21%%1&':&(2%(3#*%('&'3?+9&'7%1 %&%&'(*&'+,'-21+%&%&' $

 !"A

 !"% ,- 2*%*  *$! 3 )F 21 % %1 &2&: &C?&7%(3 &1 ?(%3 +9-$*%%9,&78&%1&'?(8>*(+%17%%1(7($ *

$ &:&''7&**?'2%17(8'?,(7(&*7&*,'*78&%1$ .$ ::2'2('7(?:%(-?%1(&%&*%2%''?%1'%&2%72,-%1&* (7(:'8&%121+'7(+&'?%*$   4$$ ?,%$5  + 

 2(%&- %1% %1&* (7( ?,:77 &*  %(? '7 2((2% 2,-  (&&': *&'7(7($ ,:779-D