Supreme Court clarifies liability for compensation in land acquisition: Ultra-Tech Cement vs. Mast Ram (2024) LEGAL ISSUE: Determining which entity is liable to pay compensation for land acquired under the Land Acquisition Act, 1894, when a business transfer has occurred. CASE TYPE: Land Acquisition, Corporate Law Case Name: M/s. Ultra-Tech Cement Ltd. vs. Mast Ram […]
Supreme Court Denies Renewal of Mining Leases: Odisha Govt. vs. Bharat Process & Mechanical Engineers Ltd (2024) LEGAL ISSUE: Whether mining leases can be renewed for a company undergoing liquidation. CASE TYPE: Company Law, Mining Law Case Name: Chief Secretary, Government of Odisha vs. Bharat Process & Mechanical Engineers Limited (in Liquidation) and Others [Judgment
Supreme Court Clarifies Stamp Duty on Increased Share Capital: National Organic Chemical Industries Ltd. vs. State of Maharashtra (2024) LEGAL ISSUE: Whether stamp duty is payable each time a company increases its share capital, or is it a one-time payment subject to a maximum cap? CASE TYPE: Stamp Duty/Company Law Case Name: State of Maharashtra
Supreme Court Upholds DDA’s Right to Unearned Increase in Property Transfer After Company Amalgamation LEGAL ISSUE: Whether the amalgamation of companies results in a ‘transfer’ of leased property, thereby triggering the Delhi Development Authority’s (DDA) right to claim an unearned increase in the value of the property. CASE TYPE: Civil Law, Property Law Case Name:
Supreme Court Clarifies the Rights of Nominees vs. Legal Heirs in Company Shares Date of the Judgment: 14 December 2023 Citation: (2023) INSC 1076 Judges: Hrishikesh Roy, J., Pankaj Mithal, J. Can a nominee of shares in a company become the absolute owner of those shares upon the death of the shareholder, or do the
Date of the Judgment: June 15, 2023 Citation: 2023 INSC 575 Judges: K.M. Joseph, J. and B.V. Nagarathna, J. Can a company allot additional shares to existing shareholders when some shareholders choose not to participate? The Supreme Court of India addressed this question in a recent case involving a dispute over share allotment in a
Supreme Court Upholds Share Allotment in Family Business Dispute: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023) LEGAL ISSUE: Whether the allotment of shares in a private company was valid when existing shareholders were given the option to apply for additional shares, and some shareholders chose not to participate. CASE TYPE: Company Law Case Name:
Official Liquidator Liable for Post-Liquidation Taxes: Supreme Court Judgment Analysis LEGAL ISSUE: Whether an Official Liquidator is liable for property and water taxes accrued on a company’s assets after the winding-up order but before the sale of the assets. CASE TYPE: Company Law, Liquidation, Property Tax Case Name: Official Liquidator vs. Ujjain Nagar Palika Nigam
Official Liquidator Liable for Post-Liquidation Taxes: Supreme Court Judgment Analysis Read Post »
Official Liquidator vs. Ujjain Nagar Palika Nigam: Supreme Court Settles Liability for Post-Liquidation Taxes Date of the Judgment: 04 May 2023 Citation: (2023) INSC 489 Judges: Dinesh Maheshwari, J., Aniruddha Bose, J. Can an Official Liquidator (OL) be held liable for property and water taxes that accrue on a company’s assets after the company has
Supreme Court quashes land acquisition for Vedanta University: Anil Agarwal Foundation loses appeal (2023) Date of the Judgment: April 12, 2023 Citation: Not Available Judges: M.R. Shah, J., Krishna Murari, J. Can a private company, masquerading as a public entity, acquire vast tracts of agricultural land for a project that doesn’t yet exist? The Supreme
Supreme Court Quashes Land Acquisition for Vedanta University, Orissa (2023) LEGAL ISSUE: Whether land can be acquired for a private company under the Land Acquisition Act, 1894, and the validity of land acquisition proceedings for a proposed university. CASE TYPE: Land Acquisition, Public Interest Litigation Case Name: Anil Agarwal Foundation Etc. Etc. Versus State of
Supreme Court clarifies the role of Company Secretary in Buyback Compliance: SEBI vs. V Shankar (2023) LEGAL ISSUE: The extent of responsibility of a Company Secretary in ensuring compliance with buyback regulations. CASE TYPE: Securities Law Case Name: Securities and Exchange Board of India vs. V Shankar Judgment Date: 8 February 2023 Date of the
