HC issues notice to IDBI regarding corporate defaulters

The Madras High Court on Wednesday issued a notice to the Insolvency and Bankruptcy Board of India (IDBI) on a petition which sought to restrain it from proceeding with insolvency applications of corporate bank loan defaulters. Continue Reading

HC orders status quo in land dispute involving TN minister

Alleging aiding of a land grab attempt by a Tamilnadu Minister, a 70-year-old man moved the Madras High Court, which ordered status quo Friday in respect of patta entries, vis-v-vis lands in his possession. Continue Reading

GTL Infra moves HC challenging action under Bankruptcy Code

Chennai-based telecom tower company GTL Infrastructure, which owes over Rs 4,000 crore as loans to a consortium of banks led by Union Bank of India, has approached the Madras High Court challenging the action initiated against it under the Insolvency and Bankruptcy Code. Continue Reading

HC slams banks for granting loan to corporates sans security

The Madras High Court slammed public sector banks Monday for granting crores of rupees as loans without sufficient security to several firms. Continue Reading

Late Kumarimuthu’s wife petitions HC for allotment of house

Justice R Mahadevan made the observation on a petition by Punniavathi, wife of late comedian Kumarimuthu, seeking to restrain the authorities from evicting her from the house allotted to her husband, who was a Kalaimamani awardee. Continue Reading