Date of the Judgment: 26 March 2021 Citation: (2021) INSC 187 Judges: S.A. Bobde (Chief Justice of India), A.S. Bopanna J., V. Ramasubramanian J. Can a company’s board remove its chairman for loss of confidence? The Supreme Court of India recently addressed this question in a high-profile dispute involving Tata Sons and Cyrus Mistry. This […]
Supreme Court Clarifies Procedure for Ex-Parte Orders under Companies Act: Surender Kumar Gupta vs. JM Housing Limited (2021) LEGAL ISSUE: Procedure for challenging ex-parte orders passed by the National Company Law Tribunal (NCLT). CASE TYPE: Company Law, Oppression and Mismanagement. Case Name: Mr. Surender Kumar Gupta and Others vs. J M Housing Limited and Others.
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
