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:
Supreme Court Upholds Company Law Board Order in Family Dispute over Biological E. Ltd. Date of the Judgment: 06 April 2022 Citation: Where available, provide the case citation in the Indian Supreme Court (INSC) format. Judges: Hon’ble Mr. Justice Vineet Saran and Hon’ble Mr. Justice J.K. Maheshwari. This was a unanimous decision. Can a family
Supreme Court Upholds 9% Interest on Share Sale in Company Dispute: Vinod Krishan Khanna & Ors. vs. Amritsar Swadeshi Woollen Mills Private Limited (2021) LEGAL ISSUE: Whether the National Company Law Appellate Tribunal (NCLAT) was correct in reducing the interest rate awarded by the National Company Law Tribunal (NCLT) on the sale of shares in
Supreme Court Dismisses Contempt Petition in Family Business Dispute: Rama Narang vs. Ramesh Narang (2021) LEGAL ISSUE: Whether the respondents’ actions constituted contempt of court for violating a prior consent order, despite subsequent orders from the Company Law Board (CLB). CASE TYPE: Contempt of Court, Family Business Dispute Case Name: Rama Narang vs. Ramesh Narang
Introduction Date of the Judgment: September 17, 2008 The Supreme Court of India addressed a dispute between a shareholder and the other shareholders of a company, concerning allegations of oppression and mismanagement. The central question revolves around whether the Company Law Board (CLB) and the High Court of Judicature at Madras properly evaluated the circumstances
