Allowed
The Official Liquidator, High Court, madras as the Liquidator v. The City Union Bank Ltd., Represented by its authorized Officer/Branch Manager
Madras HCCOMP.A/74/2021
Case brief
AI extract
What is this about?
The Court allowed applications seeking to substitute the name of M/s.Assets Reconstructions Company (India) Ltd for City Union Bank Limited in two insolvency proceedings following an assignment of rights and directions regarding the transfer of publication charges.
What did the court decide?
The applications to substitute the respondent secured creditor were allowed following the recording of a memo regarding the assignment of rights.