Suruchi Chand and Ors. vs Mahalaxmi Glass Works (P) Ltd. and Ors.
Oppression and Mismanagement-Locus Standi-A petition against oppression and mismanagement within a company was dismissed after it was evident that the petitioners were not bonafide members of [LexDoc Id : 334367]
CLB
2007
Meghal Homes (P) Ltd. vs Shree Niwas Girni K.K. Samiti and Ors.
Winding up-Compromise and arrangement-A scheme for compromise and arrangement was considered even though most of the formalities related to winding up of the company had already been compl [LexDoc Id : 325116]
Prakash Industries Ltd., In re
Proposal for reduction in share capital-Confirmation-The proposed reduction of share capital of a company by adjustment of deferred tax liability against securities premium account was justified and subs [LexDoc Id : 335596]
Prakash vs State of Maharashtra and Anr.
Eviction proceedings-Without express permission-The eviction proceedings initiated against an employee of the company for vacation of office premises on termination of his services, could not be con [LexDoc Id : 338510]
Rasila Bhupendra Shah and Anr. vs Indian Charge Chrome Ltd. and Anr.
Scheme of amalgamation-Sanction of court-A scheme of amalgamation was sanctioned by the court since it was not contradictory to statutory legal provisions or public policy. Moreover, the said [LexDoc Id : 334247]
HC (Orissa)
2007
S. Kanthimathy and Ors. vs Woodlands Estates Ltd. and Ors.
Redressal of grievances-Locus standi of legal heirs-The legal heirs of an investor have similar rights to that of the deceased investor in respect of seeking redressal of all grievances inclusive of rec [LexDoc Id : 335284]
CLB
2007
Prestige Lights Ltd. vs State Bank of India
Recovery of dues-Enforcement of security interest-The respondent-bank was entitled to take appropriate legal action for recovery of it's dues and enforcement of security interest since the petitioner- [LexDoc Id : 324890]
SC
2007
Yashumathidoshi and Anr. vs State Bank of Travancore
Writ petition-Proceedings before DRT-There was no scope for a writ petition when the proceedings were already pending before the DRT. The High Court had no jurisdiction to maintain such p [LexDoc Id : 331052]
Sushila Devi vs SEBI
Conduct of company-Accountability of director-The role of a particular director within a company was always a question of fact. Consequently, a director could be prosecuted on account of fraudulen [LexDoc Id : 329441]
HC (Delhi)
2007
Map Auto Ltd. vs Deep Shikha Autos (P) Ltd.
Winding up petition-Subsistence of debt-The petition seeking winding up of the respondent-company was dismissed. The cheques (amounting to Rs.25 lakhs in total) that could not be realized ha [LexDoc Id : 344620]
HC (Patna)
2007
Suresh Kumar Rungta vs Roadco India (P) Ltd. and Ors.
Oppression and Mismanagement-Maintainability of petition-A petition against oppression and mismanagement could not be dismissed on the preliminary objections pertaining to delay/latches or the pendency of se [LexDoc Id : 336422]
CLB
2007
Dinesh Kumar Jhunjhunwala vs Karur Vysya Bank Ltd.
Beneficial owner-Deemed member of company-A beneficial owner whose name was registered in the records of the depository was deemed to be a member of the company as per the Depositories Act 199 [LexDoc Id : 328130]
Texmaco Ltd. vs State and Ors.
Wrongful withholding of company property-Prosecution of legal heirs of deceased employee-The legal heirs of the deceased ex-employee could be prosecuted under s.630 of the Companies Act 1956 for wrongfully withholding the company’s propert [LexDoc Id : 340103]
Asset Reconstruction Co. vs Paharpur Cooling Towers Ltd. and One Anr.
Securitisation-Enforcement of security interest-The company court could not act de hors the provisions of the SARFAESI Act 2002 related to enforcement of security interest while exercising its powe [LexDoc Id : 334189]
HC (Madhya Pradesh)
2007
State of Madhya Pradesh vs Hukumchand Mills Ltd.
Winding up-Preferential payment of workmen's dues-The official liquidator was directed to settle the legitimate dues of the workmen on first priority pari passu with secured creditors after due verifi [LexDoc Id : 334188]
HC (Madhya Pradesh)
2007
Arvind Porwal and Ors. vs Bharat Kumar Pandya and Anr.
Power to refuse registration of shares-Transfer and registration of shares and debentures of company-The appellants had filed a suit for declaration on the allegation that they had purchased certain shares of second respondent from the Mumbai Stock Ex [LexDoc Id : 347610]
HC (Madhya Pradesh)
2007
Norfolk Infotech (P) Ltd., In re.
Scheme of amalgamation-Sanction-A scheme of amalgamation was sanctioned after an affidavit was filed by the petitioning-company in response to the objection filed by the Regional Dir [LexDoc Id : 334366]
