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TMI Blog2017 (5) TMI 1757X X X X Extracts X X X X X X X X Extracts X X X X ..... rth company Hasham Investment and Trading Co. Pvt. Ltd. - petitioner s challenge to the order of the Company Court permitting the merger is pending consideration before the High Court of Karnataka - HELD THAT:- Being the order of the Company Court permitting the merger is pending consideration before the High Court of Karnataka, this by itself would disentitle the petitioner from maintaining the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er, 2016; 14th March, 2017 and 28th April, 2017 to the Reserve Bank of India regarding the merger of three nonbanking financial companies with a fourth company Hasham Investment and Trading Co. Pvt. Ltd. In para 44 of the writ petition, the petitioner has averred as follows : "44. The petitioner states for the sake of disclosure that it having concluded that there was clear fraud in the manner o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... their violations including by way of winding up of the 3 NBFC's as per Sec 45 MC of the RBI Act and under Sec 271(g) of the Companies Act 2013." 2. It is therefore glaring from the above that the petitioner's challenge to the order of the Company Court permitting the merger is pending consideration before the High Court of Karnataka. 3. This by itself would disentitle the petitioner from mai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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