Search Results for "Public Interest Directors"

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Search Results for "Public Interest Directors"

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High Court

Bombay High Court Quashes IDBI Bank's Wilful Defaulter Declaration Against Non-Executive Director. The Court Holds that Failure to Provide Copies of Documents and Fair Hearing Violates Principles of Natural Justice and RBI Guidelines.

16 Oct 2019

Background: The writ petition was filed by a non-executive director of Ruchi Soya Industries Limited, a public listed company, challenging his declara...

High Court

High Court of Bombay Considers Official Liquidator's Plea for Handover of Assets and Records of Companies in Liquidation. Law Enforcement Agencies' Seizure of Properties and Books of Account Examined in Context of Winding Up Proceedings Under Companies Act, 1956.

9 Jun 2017

The proceedings involved multiple Official Liquidator’s Reports and a Company Application arising out of the winding up of M/s. City Limouzines (Ind...

High Court

Bombay High Court Quashes Complaint Against Directors in Cheque Dishonour Case for Lack of Specific Allegations. Vicarious Liability Under Section 141 of Negotiable Instruments Act Requires Specific Averments of Role in Company Affairs.

14 Aug 2015

The case involves a criminal complaint filed by respondent No. 1 (complainant) under Section 138 read with Section 141 of the Negotiable Instruments A...

High Court

Bombay High Court Dismisses Petition of MAHATEX Directors Seeking Extended Term — Term of Elected Directors Runs from Date of Election, Not from First Board Meeting. The court held that under Section 73CB of the Maharashtra Cooperative Societies Act, 1960 and Rule 58 of the Maharashtra Cooperative Societies Rules, 1961, the five-year term of directors commences from the date of election, not from the date of the first board meeting.

29 Jan 2016

The petitioners, ten individuals claiming to be duly elected directors of the Maharashtra State Handloom Cooperative Federation Limited (MAHATEX), fil...

High Court

Bombay High Court Hears Interim Application in Suit for Specific Performance of Family Settlement Minutes. Interim Injunction Sought to Restrain Defendants from Valuing or Buying Out Shareholding Pending Suit for Enforcement of Minutes of Discussion.

30 Jun 2022

The dispute arose in the context of a family-run private limited company engaged in automobile dealerships across multiple states. The Plaintiffs and ...

High Court

Bombay High Court Upholds CLB Order on Share Transmission in Company Dispute. CLB's findings on oppression and mismanagement under Sections 397 and 398 of Companies Act, 1956 set aside due to lack of evidence.

28 Mar 2016

The judgment concerns multiple company appeals arising from orders of the Company Law Board (CLB) in relation to Mehboob Productions Pvt. Ltd., a comp...

Supreme Court

Supreme Court Hears Civil Appeals Against SEBI's Attachment Orders – Appellants Challenge Levy of Retrospective Interest on Penalty Without Express Provision in Adjudication Order. The core question was whether the Recovery Officer could demand interest at 12% p.a. from the date of original adjudication orders under Section 28A SEBI Act read with Section 220 Income Tax Act in absence of a prior direction for interest, and whether Explanation 4 inserted in 2019 applies retrospectively to pre-existing orders.

26 Jul 2026

The appeals arose from the dismissal by the Securities Appellate Tribunal of challenges to attachment notices issued by the Securities and Exchange Bo...

High Court

Bombay High Court Dismisses Preliminary Objection on Locus Standi, Holds That Non-Production of Degree Certificates Does Not Defeat Public Interest Challenge to Bank's Campus Recruitment Policy; Relies on D.C. Wadhwa. Members of the public may challenge executive recruitment practices as unconstitutional under Articles 14, 16, and 21 of the Constitution, without having to prove personal eligibility at the threshold.

1 Apr 2013

The writ petition under Article 226 of the Constitution of India was filed by four individuals challenging the recruitment policy of Central Bank of I...

Supreme Court

Supreme Court Directs SEBI to Liquidate Attached Assets and Refund Investors in Collective Investment Scheme Case — Court Emphasizes Need for Time-Bound Disposal and Coordination Between Authorities

15 Jul 2024

The petitioners, who are husband, wife, and their son, were founder-directors of Sai Prasad Properties Ltd and other companies in the Sai Group. They ...

High Court

High Court of Bombay Considers Appeals Against Company Law Board Order Directing Buyout of Majority Stake in Wind Energy Company. The majority shareholder challenged the finding of oppression and the forced sale of shares to minority shareholders under sections 397, 402 and 403 of the Companies Act, 1956.

20 Aug 2015

The proceedings arose from disputes between the shareholders of Enercon (India) Limited, now known as Wind World (India) Limited, a company engaged in...

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