Supreme Court · 2023 INSC 582 · Decided 15 June 2023
Hasmukhlal Madhavlal Patel and ANR. v. Ambika Food Products PVT. LTD. and ORS.
- Court
- Supreme Court of India
- Citation
- 2023 INSC 582 · [2023] 8 S.C.R. 243
- Case number
- CIVIL APPEAL No. 8194/2018
- Decided
- 15 June 2023
- Bench
- K.M. JOSEPH, B.V. NAGARATHNA (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 2(32), 81, 81(1A), 81(3), 397, 398, 105
Headnote
Companies Act, 1956 - s. 2(32), 81, 81(1A), 81(3), 397, 398 - Companies Act, 1913 - s. 105-C - First respondent is a private limited company having authorised capital of Rs.1 crore - There are three groups i.e. HMP, S and VPP - Appellant nos. 1 and 2 described of the paid up share capital - 'S' Group represented by respondent nos. 4 & 5 had 45 per cent share and 'VPP' Group represented by respondent nos. 2 & 3 had 24.20 percentage in the paid-up capital - In response to the proposal for a term-loan made by
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