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    <title>2005 (2) TMI 533 - HIGH COURT OF BOMBAY</title>
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    <description>Shareholder consent and pre-emptive participation rights were central to a dispute over further share issuance allegedly authorised without the required consent under the Articles of Association. The alleged failure to offer new shares to an overseas shareholder was compounded by reliance on ordinary post rather than the electronic or courier methods used previously. The High Court identified a prima facie breach because dispatch of the offer was not proved. Ad-interim injunctive relief restrained exercise or use of rights attached to the newly issued shares pending disposal of the motion, preserving the shareholder&#039;s interests during the proceedings.</description>
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      <link>https://www.taxtmi.com/caselaws?id=110371</link>
      <description>Shareholder consent and pre-emptive participation rights were central to a dispute over further share issuance allegedly authorised without the required consent under the Articles of Association. The alleged failure to offer new shares to an overseas shareholder was compounded by reliance on ordinary post rather than the electronic or courier methods used previously. The High Court identified a prima facie breach because dispatch of the offer was not proved. Ad-interim injunctive relief restrained exercise or use of rights attached to the newly issued shares pending disposal of the motion, preserving the shareholder&#039;s interests during the proceedings.</description>
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