The Calcutta High Court sought a detailed report on funds in frozen TMC bank accounts while questioning the speed of the West Bengal Police’s action. The Court observed that the accounts were frozen immediately after the FIR, raising concerns over the apparent haste of authorities.
The Mumbai Bench of the NCLT admitted SBI’s application seeking personal insolvency proceedings against Reliance Group Chairman Anil Ambani. The Tribunal appointed a Resolution Professional and directed issuance of a public notice inviting creditor claims, marking a major development in the insolvency process.
The Delhi High Court questioned why Union Bank issued a fraud-related show cause notice to Jai Anmol Ambani after Reliance Home Finance’s resolution plan was already approved by lenders and the Supreme Court. While refusing to stay the proceedings, the Court directed the Bank to hear Ambani and pass a reasoned order, subject to the High Court’s final decision.
Justice Pankaj Mittal, born on June 17, 1961, assumed office on February 6, 2023, and will retire on June 16, 2026. With a notable legal lineage, he has over 37,000 judgments across various fields and served as a judge in multiple high courts. He enjoys philately and has contributed to judicial administration.
