Search Results for "derivative action"

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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.

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

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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NCLAT Larger Bench Holds Shareholder/Promoter is an 'Aggrieved Person' Under Section 61 IBC and Has Locus to Challenge Section 7 Admission Order. The reference resolves conflicting views on maintainability of appeal by shareholder against admission of insolvency petition.

The National Company Law Appellate Tribunal (NCLAT) Chennai Bench, in a larger bench of three members, addressed a reference question: whether a share...

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Bombay High Court Dismisses Appeal in Derivative Action Suit for Lack of Prima Facie Case and Delay. Minority shareholders failed to establish bonafide action or balance of convenience for interim relief against majority shareholders.

The appellants, Victor Fernandes and others, were minority shareholders in eEighteen.com Limited (defendant No.3), holding about 6.38% equity, while d...

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Bombay High Court Grants Interim Injunction Restraining Release of Marathi Film 'Mukkam Post' in Copyright Infringement Suit. Court finds prima facie case of substantial similarity between plaintiff's script and defendants' film, and balance of convenience in favour of plaintiff.

The plaintiff, Everest Entertainment LLP, filed a suit for copyright infringement against the defendants, including Mahesh Vaman Manjrekar, Great Mara...