Tuesday, March 24, 2015

[aaykarbhavan] Judgments and Information







CLI
www.cliofindia.com
info@cliofindia.com

COMPANY CASES (CC) HIGHLIGHTS

ISSUE DATED 20-3-2015

Volume 189 Part 3

SUPREME COURT
HIGH COURTS
ENGLISH CASES
CLB
SAT
DRAT
STATUTES
JOURNAL
NEWS-BRIEFS



HIGH COURT JUDGMENTS


F Where petitioner not approaching court with clean hands and deliberately suppressing fact, petition dismissed : Manoj Maneklal Mehta v. Deviyani Tex-Chem P. Ltd. (No. 1) (Guj) p. 185
F Deliberate suppression of filing of suit before competent court not to be taken lightly, dismissal of petition proper : Manoj Maneklal Mehta v. Deviyani Tex-Chem P. Ltd. (No. 2) (Guj) p. 192
F Tax not recoverable from company and non-recovery attributable to gross negligence, misfeasance or breach of duty by directors : Ram Prakash Singeshwar Rungta v. Income-tax Officer (Guj) p. 272




COMPANY LAW BOARD ORDERS


F Three year period for moving CLB for rectification of register of members : Ms. Farida Ayub Khan v. Mehboob Productions P. Ltd. p. 197
F Where facts not complicated to render CLB incompetent to decide petition, petition u/s. 111 maintainable : Ms. Farida Ayub Khan v. Mehboob Productions P. Ltd. p. 197
F Where shares in question also subject matter of suit, not appropriate for subordinate court to render any finding during pendency of such suit : Ms. Farida Ayub Khan v. Mehboob Productions P. Ltd. p. 197
F Petition for rectification of register of members to be filed within three years from date of refusal to transfer shares : Great View Properties P. Ltd. v. Shakti Insulated Wires P. Ltd. p. 219
F Pre-emptive clause in articles of association cannot take away transferee company's right to shares, register of members to be rectified : Great View Properties P. Ltd. v. Shakti Insulated Wires P. Ltd. p. 219
F Composite petition by legal heir claiming entitlement to shares left by deceased shareholder, maintainable : Smt. Veena Naresh Seth v. Seth Industries P. Ltd. p. 232
F Application to register shares based on will probated by competent court and no stay in appeal against probate order, direction to rectify register of members : Smt. Veena Naresh Seth v. Seth Industries P. Ltd. p. 232
F Allotment of shares made without legal necessity of company only to gain control of company, resulting in reduction of petitioner's shareholding, oppressive : Smt. Veena Naresh Seth v. Seth Industries P. Ltd. p. 232
F Directorial complaints not connected with proprietary rights of shareholder cannot be entertained : Smt. Veena Naresh Seth v. Seth Industries P. Ltd. p. 232

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Posted by: Dipakkumar Shah <cadjshah@yahoo.com>


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