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        Companies Law

        2006 (8) TMI 323 - SCH - Companies Law

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        Supreme Court halts Tribunal's decision, orders deposit and share transfer restraint. The Supreme Court of India stayed the operation of the Tribunal's judgment pending SEBI's investigation in the case, with sellers directed to deposit Rs. ...
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Supreme Court halts Tribunal's decision, orders deposit and share transfer restraint.

                                The Supreme Court of India stayed the operation of the Tribunal's judgment pending SEBI's investigation in the case, with sellers directed to deposit Rs. 5.7 crores and buyers restrained from transferring shares in dispute.


                                The Supreme Court of India in 2006 (8) TMI 323 - SC Order, with Justices G.P. Mathur and S.H. Kapadia, admitted the case for expedited hearing. The operation of the Tribunal's judgment was stayed, pending SEBI's investigation, with sellers required to deposit Rs. 5.7 crores and buyers prohibited from transferring shares in dispute.
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