Corporate Governance

Supreme Court Upholds Share Allotment in Closely Held Company: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023)

/ B.V. Nagarathna, Board of Directors, Companies Act, 1956, Companies Act, 1956 with Section 397, Companies Act, 1956 with Section 398, Companies Act, 1956 with Section 81, Corporate Governance, Fiduciary Duty, Judges, K.M. Joseph, Share Allotment

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 Closely Held Company: Hasmukhlal Madhavlal Patel vs. Ambika Food Products (2023) Read Post »

Supreme Court Upholds Tata Sons’ Actions, Rejects Oppression Claims in Cyrus Mistry Case (26 March 2021)

/ A.S. Bopanna, Articles of Association, Companies Act, 2013, Companies Act, 2013 with Section 14, Companies Act, 2013 with Section 241, Companies Act, 2013 with Section 242, Corporate Governance, Corporate Law, Judges, Oppression and Mismanagement, S.A. Bobde, V. Ramasubramanian

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 Upholds Tata Sons’ Actions, Rejects Oppression Claims in Cyrus Mistry Case (26 March 2021) Read Post »

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