Search Results for "Minority Shareholder"

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Tribunals

National Company Law Appellate Tribunal at Chennai hears appeals against NCLT orders rejecting a minority shareholder's Scheme of Arrangement and confirming the sale of the corporate debtor as a going concern. The appellant challenged the concurrent running of the liquidation sale process and scheme consideration, contending that Section 230 of the Companies Act, 2013 takes precedence over the IBBI (Liquidation Process) Regulations, 2016.

19 May 2026

The appeals arose from the liquidation of Kamachi Industries Limited (Corporate Debtor), which was admitted into Corporate Insolvency Resolution Proce...

High Court

Bombay High Court at Goa Hears Writ Petitions Challenging Constitutional Validity of State Amendments to Succession Law. Petitioners Seek Declaration That Retrospective Amendments Altering Order of Succession and Legitime Are Ultra Vires Article 14 of the Constitution of India.

8 May 2026

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High Court

Madras High Court Allows Appeals of Shareholders in Capital Receipt Case — One Million Euros Received from Vedior NV Held Exempt as Capital Receipt. Compensation for Loss of Right of First Refusal and Non-Compete Agreement Treated as Capital Receipt Not Chargeable to Tax Under Income Tax Act, 1961.

8 Jan 2026

The case involves two appeals by shareholders (K. Pandiarajan and R. Hemalatha) against the order of the Income Tax Appellate Tribunal (ITAT) which up...

Supreme Court

Supreme Court Reverses High Court in SICA Case on Unsecured Creditor Rights - Sanctioned Rehabilitation Scheme Binding on All Creditors. Court held that under Sections 18(8) and 32 of Sick Industrial Companies (Special Provisions) Act, 1985, unsecured creditors cannot opt out of scaled-down payments and must accept scheme terms for company revival.

17 Mar 2023

The Supreme Court addressed a group of appeals concerning the binding effect of rehabilitation schemes sanctioned under the Sick Industrial Companies ...

Supreme Court

Supreme Court Allows Appointment of Arbitrator in Shareholders' Dispute Despite Pending NCLT Proceedings and Prior Arbitral Award. The Court held that under Section 11(6) of the Arbitration and Conciliation Act, 1996, the court should not refuse appointment unless the dispute is ex facie non-arbitrable, and issues of arbitrability should be left to the arbitrator.

4 Nov 2022

The appeal arose from the dismissal of an application under Section 11(6) of the Arbitration and Conciliation Act, 1996 by the Madras High Court. The ...

Supreme Court

Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

6 Sep 2018

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

High Court

Bombay High Court Quashes 'C' Summary Report in Cheating Case — Directs Further Investigation Under Section 173(8) CrPC. Court finds that the investigating officer failed to examine crucial documents and witnesses, rendering the summary report premature and based on incomplete investigation.

27 Oct 2016

The petitioner, Dharmil Anil Bodani, filed a criminal writ petition under Article 227 of the Constitution of India and Section 482 of the Code of Crim...

High Court

Bombay High Court Dismisses Winding-Up Petition as Foreign Company Failed to Comply with Registration Requirements Under Sections 592 and 599 of Companies Act, 1956. Petitioner, a foreign company with a place of business in India, cannot maintain a winding-up petition without registering under the Act.

11 Apr 2011

The petitioner, Willis Europe B.V., a company incorporated under the laws of the Netherlands with its principal place of business in the United Kingdo...

High Court

Bombay High Court Confirms Reduction of Equity Share Capital of Wartsila India Limited — Court Approves Special Resolution for Reduction of Share Capital to Provide Exit to Minority Shareholders, Rejecting Oppression Allegations. The Court held that the reduction was bona fide and not oppressive, and confirmed the reduction under Section 100 of the Companies Act, 1956.

15 Nov 2010

The judgment concerns a Company Petition filed by Wartsila India Limited (WIL) seeking confirmation of a special resolution passed on 10th November 20...

High Court

Bombay High Court Upholds Market Value Determination for Share Valuation in Oppression Case — Director's Rights Cease Upon Valuation. The court held that the market value determined by the Company Law Board for shares held by a minority shareholder was just and proper, and that the shareholder ceases to be a director upon valuation, not upon payment.

16 Jun 2005

The case involves two appeals filed against an order of the Company Law Board (CLB) dated 5.5.2003 in Company Petition No. 12 of 1998. The appellant, ...

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