DESCON Ltd. vs Biman Behari Sen and Ors. (No. 2)
Oppression and Mismanagement-Company given liberty to utilise sale proceeds-The respondents, minority shareholders in the appellant company, had filed an application under s.397 and s.398 of the Companies Act 1956 before the C [LexDoc Id : 411594]
M. Nagabhushana vs State of Karnataka and Ors.
Publication of notification under s.28(4) of KIAD Act 1966: Vesting of land in State free from all encumbrances-Vesting by operation of law and having nothing to do with making of any award under s.11 of Land Acquisition Act 1894-The appellant argued that Notification dated 30 March 2004 issued under s.28(4) of the Karnataka Industrial Areas Development Act 1966 stood vitiated [LexDoc Id : 402484]
Janak Dhawan and Anr. vs J.D. World Wide Exports (P) Ltd. and Ors.
Right of company to issue fresh equity: Curtailment of right by Board of Directors barred-Director and Board not empowered to exercises powers not conferred on them under Articles of Association-The Board of Directors of the company could not curtail the right of the company to issue fresh equity nor could it bind the company as to the persons [LexDoc Id : 401998]