Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Transfer of 7000 equity shares - prohibitory order u/s 45MB (2) of RBI Act - Admitted possession of 4000 shares certificates and transfer deeds by Anoop Jain - Issue of consideration for 4000 shares - Anoop Jain relied on Delhi stock exchange register for payment of consideration - Appellants objected discrepancy in timeline of sale by appellant No. 1 and purchase by respondents, lack of proof of consideration payment - Matter remanded to Company Court to inquire when 4000 shares sold to Anoop Jain, 1500, 900 and 600 shares sold to Murari Saraf, Banwari Lal Saraf and Bihari Lal Saraf respectively by appellant No. 1, and whether consideration paid - If established appellant No. 1 divested rights before 09.04.1997 and respondents paid consideration, impugned order to follow - Appeal disposed by way of remand.
Transfer of 7000 equity shares - prohibitory order u/s 45MB (2) of RBI Act - Admitted possession of 4000 shares certificates and transfer deeds by Anoop Jain - Issue of consideration for 4000 shares - Anoop Jain relied on Delhi stock exchange register for payment of consideration - Appellants objected discrepancy in timeline of sale by appellant No. 1 and purchase by respondents, lack of proof of consideration payment - Matter remanded to Company Court to inquire when 4000 shares sold to Anoop Jain, 1500, 900 and 600 shares sold to Murari Saraf, Banwari Lal Saraf and Bihari Lal Saraf respectively by appellant No. 1, and whether consideration paid - If established appellant No. 1 divested rights before 09.04.1997 and respondents paid consideration, impugned order to follow - Appeal disposed by way of remand.
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