Search Results for "shareholders' approval"

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Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Supreme Court Allows Appeal in Motor Accident Claim Case — Death Not Arising O...
Bombay High Court Dismisses Petitioner's Challenge to Arbitral Award in Commerci...
Bombay High Court Dismisses Appeal Against Attachment of Property in NSEL Scam C...
Bombay High Court Allows Appeal in Customs Classification Dispute — Bulk Pet F...

Search Results for "shareholders' approval"

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High Court

Bombay High Court Quashes Regional Director's Rejection of Amalgamation Scheme Under Section 233 Companies Act — Regional Director Lacks Power to Reject, Must File Application Before NCLT if Scheme Not in Public Interest. The court held that the Regional Director's order rejecting the scheme on grounds of insolvency was without jurisdiction as the proper remedy under Section 233(5) is to approach the NCLT.

1 Aug 2024

The petitioners, five companies with common directors and shareholders, sought to amalgamate petitioner nos. 2 to 5 (wholly-owned subsidiaries) with p...

Supreme Court

Supreme Court Allows Future Retail Limited to Seek Continuation of NCLT Proceedings in Arbitration Dispute - Interim Relief Granted Pending High Court Reconsideration. The Court directed the Delhi High Court to consider FRL's application for continuing proceedings under Sections 230-232 of the Companies Act, 2013 for sanction of a Scheme of Arrangement, balancing interests against arbitration enforcement.

15 Feb 2022

The dispute arose from a sale transaction between Future Retail Limited and the Reliance Group, which Amazon challenged through arbitration before the...

High Court

Bombay High Court Upholds Disinvestment of BPCL and Repeal of Burmah Shell Act — Strategic Disinvestment Policy Not Subject to Legislative Mandate for Prior Parliamentary Approval. The court held that the executive is competent to decide disinvestment under Article 73, and the repeal of the Burmah Shell Act by Finance Act 2016 is valid, with no right of first refusal for employees or dealers.

12 Nov 2020

The judgment concerns four petitions challenging the Union of India's decision to disinvest its shareholding in Bharat Petroleum Corporation Limited (...

High Court

Bombay High Court Dismisses Winding Up Petitions Against GOL Offshore Ltd. Due to Bona Fide Dispute and Absence of Commercial Insolvency. Debt Not Due and Payable Under Section 433(e) of Companies Act, 1956.

5 May 2017

The judgment concerns two winding up petitions filed by Export-Import Bank of India and Punjab National Bank (International) Ltd. against GOL Offshore...

High Court

High Court of Bombay at Goa Dismisses Appeal Against CLB Consent Order in Company Oppression Case — Parties Bound by Consensus. Consent order for share buyout under Sections 397-398 of Companies Act, 1956 cannot be challenged by consenting party.

22 Dec 2016

The case involves an appeal filed by Shalby Limited and others against an order dated 25.04.2016 passed by the Company Law Board (CLB), New Delhi Benc...

High Court

Bombay High Court Dismisses Defamation Suit Against Azim Premji for Lack of Authority to File on Behalf of Company. Managing Director's Authority to Sue Required Board Resolution as per Articles of Association.

12 May 2016

The suit was filed by Subhiksha Trading Services Ltd. (Plaintiff No.1) and its Managing Director R. Subramanian (Plaintiff No.2) against Azim Premji a...

High Court

Bombay High Court Dismisses Appeal Against Sanction of Scheme of Arrangement Under Sections 391 and 394 of Companies Act, 1956 — Scheme Already Implemented, Appeal Devoid of Merit. The court held that once a scheme of arrangement is implemented, an appeal against the sanction order is not maintainable, and the appellant's remedy lies in separate arbitration proceedings.

15 Oct 2013

The appeal was filed by Laxmi Pat Surana against the judgment and order of the learned Company Judge dated 1 March 2013, which sanctioned a scheme of ...

High Court

High Court Dismisses Union of India's Appeal Against Company Law Board Order in Oppression and Mismanagement Case — Upholds CLB's Discretion to Grant Interim Relief Under Section 402 of Companies Act, 1956. The court held that the CLB has wide powers to pass interim orders to prevent oppression and mismanagement, and such orders are not final determinations of rights.

13 Aug 2013

The Union of India, through the Ministry of Corporate Affairs, filed an appeal under Section 10F of the Companies Act, 1956, against an interim order ...

High Court

Bombay High Court Sets Aside Discharge of Accused in Cheque Bounce Case Despite BIFR Proceedings. The court held that an order under Section 22 of SICA does not automatically bar criminal proceedings under Section 138 of the Negotiable Instruments Act, 1881.

9 Apr 2013

The petitioner, Harshad Jayprasad Bakshi, filed a criminal writ petition challenging the order of the learned Metropolitan Magistrate, 12th Court, Mum...

High Court

Bombay High Court Restrains Arbitration Against Non-Signatory Parent Company — No Arbitration Agreement Exists Between Plaintiff and Defendant No.1 Under Contract Between Subsidiary and Contractor. Court Holds That Absence of Privity of Contract and Definition of Parties in Arbitration Clause Preclude Binding Non-Signatory to Arbitration Under Section 45 of the Arbitration and Conciliation Act, 1996.

14 Sep 2012

The plaintiff, JSW ISPAT Steel Limited, filed a suit seeking a declaration that there is no arbitration agreement between it and defendant No.1, Jeumo...

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