Supreme Court · 2011 INSC 729 · Decided 30 September 2011
Chatterjee Petrochem (I) PVT. LTD. v. Haldia Petrochemicals LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 729 · [2011] 15 S.C.R. 135
- Case number
- CIVIL APPEAL No. 5416/2008
- Decided
- 30 September 2011
- Bench
- ALTAMAS KABIR, CYRIAC JOSEPH (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 397, 398, 402, 399, 403, 406
Headnote
A B Companies Act, 1956 - ss. 397, 398 and 402 - Company petition under - Grievance of applicant-Chatterjee Group that due to non-registration of transfer of 155 million C shares in their favour, and, on the other hand, transfer of 150 million shares in favour of IOC, the in question (HPL) was altered from a Private Company into a Government Company and also reduced the Chatterjee Group to a minority shareholder, contrary to promises held D out earlier and as incorporated in the agreements between the parties - Held: In order to succeed in an action under
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