Search Results for "share allotment"

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Search Results for "share allotment"

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High Court

High Court of Karnataka Dismisses IDBI Bank's Appeal Against KIADB's Cancellation of Land Allotment for Non-Compliance with Allotment Conditions. The Court held that the allotment letter did not create any vested right in the appellant and that the KIADB was justified in cancelling the allotment due to the appellant's failure to pay the balance consideration and execute the lease-cum-sale agreement within the stipulated time.

28 Apr 2026

The appellant, IDBI Bank Limited, filed a writ petition before the High Court of Karnataka challenging the communication dated 20.12.2022 issued by th...

High Court

State Government’s Shift of Sports Complex to Rural Area Quashed. Court Orders CIDCO to Revert Land for Sports Complex Development, Emphasizing Public Interest and Transparency

1 Jul 2024

The State Government's decision to relocate the Government Sports Complex from Navi Mumbai to a rural area for commercial exploitation has been critic...

High Court

Court Quashes State Decision to Shift Navi Mumbai Sports Complex, Reaffirms Public Interest. Judgment emphasizes the importance of accessible sports facilities, criticizes arbitrary land reallocation for commercial use, and mandates CIDCO to hand over land for the original sports complex.

1 Jul 2024

The Public Interest Litigation (PIL) by the Indian Institute of Architects, Navi Mumbai Center, challenges the allocation of land originally designate...

High Court

Court Dismisses Major Property Claims in Sureshchandra Jhaveri Estate Dispute. Plaintiff awarded partial share in Prabhudarshan flat and specific movable assets; most claims dismissed due to lack of evidence and legal barriers.

10 Jun 2024

The properties and assets of the deceased Sureshchandra Jhaveri, the Plaintiff claimed entitlements to various properties and movable assets, arguing ...

High Court

High Court of Karnataka Allows Petition of Allottee in KIADB Act Case — Condition Requiring Prior Permission for Share Transfer Declared Ultra Vires. The Court held that the Karnataka Industrial Areas Development Board cannot impose restrictions on transfer of shares of an allottee company as such power is not conferred by the Karnataka Industrial Areas Development Act, 1966.

12 Jan 2024

The petitioner, M/s. Kamalalayaa Real Estates LLP, a limited liability partnership firm, was allotted land by the Karnataka Industrial Areas Developme...

Supreme Court

Supreme Court Dismisses Appeals in Partition Suit, Upholding High Court's Decree on Property Shares and Invalidating Compromise. Legal Heirs' Dispute Over Ancestral and Self-Acquired Properties Resolved with Shares Determined Under Hindu Law, and Compromise Set Aside Under Code of Civil Procedure, 1908.

29 Mar 2023

The litigation originated from a partition suit filed by Charulata Sahoo (plaintiff) against her brother Prafulla Sahoo (defendant No. 1) and sister S...

Supreme Court

Supreme Court Allows Appeals in Specific Performance Suit — Agreement to Sell BDA Allotted Site Within Prohibited Period Held Unlawful. Court sets aside decree for specific performance as the agreement violated Rule 18(2) of the Bangalore Development Authority (Allotment of Sites) Rules, 1972, which prohibited alienation for ten years.

18 Jan 2022

The case involves a suit for specific performance of an agreement to sell a site allotted by the Bangalore Development Authority (BDA). The first defe...

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 ...

Supreme Court

Supreme Court Allows Appeal in Displaced Persons Land Allotment Case — CCLA Had Authority to Allot Land as Delegatee of Central Government Under Displaced Persons (Compensation & Rehabilitation) Act, 1954. The Court upheld the allotment of 19.26 standard acres to the appellant as balance of verified claim, rejecting the State's challenge on grounds of authority, vesting, and delay.

1 Jan 2019

The Supreme Court allowed the appeal filed by Ramesh Parsram Malani and others against the State of Telangana and others, setting aside the High Court...

Supreme Court

Supreme Court Allows Appeal in Cooperative Housing Society Dispute Over Plot Allotment — Sale Deed Executed Despite Interim Injunction Upheld as Valid. Deemed Membership Claim Under Section 22(1) of Maharashtra Cooperative Societies Act, 1960 Rejected as Disputant Failed to Prove Payment of Admission Fee and Share Money.

1 Jan 2019

The dispute arose from a cooperative housing society registered under the Maharashtra Cooperative Societies Act, 1960. The first respondent, Sujata Ta...

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