https://www.taxtmi.com/caselaws?id=395527 The Court disposed of an application seeking various reliefs related to shares of M/s Reliance Industries Limited held by a company in liquidation. The dispute over ownership of shares prior to the appointment of the Official Liquidator was addressed, with directions given for a rights issue of equity shares. Karvy Stock Broking Limited was appointed to sell the rights entitlement of shares, as the Court emphasized the urgency due to the rights issue. The applicant's principal relief was not granted, and they were advised to pursue remedies in another pending case, leading to the disposal of the application in line with previous court directions. en-us Thu, 14 May 2020 00:00:00 +0530 Wed, 27 May 2020 10:45:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395527 The Court disposed of an application seeking various reliefs related to shares of M/s Reliance Industries Limited held by a company in liquidation. The dispute over ownership of shares prior to the appointment of the Official Liquidator was addressed, with directions given for a rights issue of equity shares. Karvy Stock Broking Limited was appointed to sell the rights entitlement of shares, as the Court emphasized the urgency due to the rights issue. The applicant's principal relief was not granted, and they were advised to pursue remedies in another pending case, leading to the disposal of the application in line with previous court directions. Case-Laws Companies Law Thu, 14 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395527