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Supreme Court

Supreme Court Hears Appeal on Taxability of Capital Gains from Transfer of Shares of a Cayman Islands Company Holding Indian Telecom Assets. The core issue involves whether the offshore transaction is liable to capital gains tax in India under the Income Tax Act, 1961, given that the company's value is derived from Indian telecom assets.

1 Aug 2026

The matter concerned a tax dispute between Vodafone International Holdings BV (VIH), a Netherlands resident company, and the Indian Revenue authoritie...

High Court

High Court of Karnataka Quashes Criminal Proceedings in Dishonour of Cheque Case Due to Non-Compliance with Mandatory Pre-Litigation Notice Requirements Under Section 138 of Negotiable Instruments Act, 1881. The statutory notice must demand payment of the cheque amount; a notice that only threatens legal action is invalid and cannot sustain prosecution.

21 Oct 2022

The petitioner, Sri M. Gopal, was the accused in C.C. No. 561/2016 pending before the Principal Civil Judge and JMFC, Mulabagal, arising out of P.C.R....

High Court

Bombay High Court Allows Shareholders' EGM Requisition in Zee Entertainment Dispute — Upholds Right to Convene Meeting Under Section 100 of Companies Act, 2013. Court holds that shareholders holding 17.88% stake have statutory right to requisition EGM for removal of directors and that the company cannot restrain such meeting on grounds of alleged illegalities in proposed resolutions.

22 Mar 2022

The case involves an appeal by Invesco Developing Markets Fund and OFI Global China Fund LLC (collectively holding 17.88% of shares in Zee Entertainme...

Supreme Court

Supreme Court Dismisses Trade Union's Petition Against Disinvestment of Government Shareholding in Public Sector Undertaking. Disinvestment Policy Upheld as Within Executive Domain, and Previous Litigation Barred Re-agitation Under Res Judicata in Public Interest Litigation Under Article 32 of Constitution.

18 Nov 2021

The National Confederation of Officers Association of Central Public Sector Enterprises, a trade union registered under the Trade Unions Act 1926, alo...

Supreme Court

Supreme Court Allows Appeal in Arbitration Petition Under Section 11 of Arbitration and Conciliation Act, 1996 - Family MoU Binding on Shareholders. The court held that a family Memorandum of Understanding containing an arbitration clause constitutes a valid arbitration agreement, enforceable under Section 11 of the Arbitration and Conciliation Act, 1996, and binding on heirs and successors.

6 Apr 2021

The appeal arose from the dismissal of a petition under Section 11 of the Arbitration and Conciliation Act, 1996, filed before the High Court of Delhi...

Supreme Court

Supreme Court Remands Oppression Petition in Share Allotment Dispute Under Sections 397/398 of Companies Act, 1956 — Preference Shareholder's Voting Rights and Validity of Allotments Require Reconsideration. The Court held that the allotments were made in compliance with Section 81(1A) but the High Court failed to properly assess the allegations of oppression, necessitating a fresh hearing by the Company Law Board.

10 May 2019

The appeal arose from a judgment of the Delhi High Court which set aside an order of the Company Law Board (CLB) in a petition under Sections 397 and ...

High Court

High Court of Judicature at Bombay Determines Factual Enquiry Whether Share Transfer Resulted in Members Exceeding Fifty. Enquiry Directed by Supreme Court in Civil Appeal No. 2481 of 2014 Following Dispute Over Validity of Pre-emption Rights in Articles of Association.

4 Aug 2017

The appeal was placed before the High Court of Judicature at Bombay following a remand order by the Supreme Court in Civil Appeal No. 2481 of 2014. Th...

High Court

Bombay High Court Allows Impleadment of Shareholders in Patent Ownership Suit — Applicants Holding 6.3% Shares Have Sufficient Interest in Subject Matter of Suit. Shareholders are proper parties under Order 1 Rule 10 CPC when the suit concerns company assets that affect share value.

12 Mar 2014

The applicants, Percy Rutton Kavasmaneck and Aban Percy Kavasmaneck, filed a Chamber Summons seeking impleadment as party defendants in Suit No. 2932 ...

High Court

Bombay High Court Sanctions Reduction of Equity Share Capital of Organon (India) Limited — Scheme Approved Despite Objection Regarding Valuation and Fairness. Court held that the reduction was fair and reasonable, and the objection regarding valuation was not sustainable as the price was based on SEBI delisting guidelines and accepted by majority shareholders.

7 Jun 2010

The judgment concerns a Company Scheme Petition filed by Organon (India) Limited seeking sanction and confirmation of a special resolution passed by i...

High Court

Bombay High Court Dismisses Appeals Against Company Law Board Order in Oppression and Mismanagement Case — Maintainability of Petition Under Sections 397 and 398 of Companies Act, 1956 Upheld. Transfer of shares during pendency does not automatically defeat petition; court examines bona fides of transfer and retains jurisdiction to grant interim relief.

15 Jul 2005

The judgment arises from three appeals against a common order of the Company Law Board (CLB) in two company petitions under Sections 397 and 398 of th...

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