Supreme Court · 1985 INSC 251 · Decided 19 December 1985
Life Insurance Corporation of India v. Escorts Ltd, & ORS.
- Court
- Supreme Court of India
- Citation
- 1985 INSC 251 · [1985] SUPP. 3 S.C.R. 909
- Case number
- CIVIL APPEAL No. 4598/1984
- Decided
- 19 December 1985
- Bench
- O. CHINNAPPA REDDY, E.S. VENKATARAMIAH, V. BALAKRISHNA ERADI, R.B. MISRA, V. KHALID (5-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Constitution Article 226; Transfer of Property Act Section 6; Companies Act Section 2(46), 82, 84, 87, 106, 108(1), 108, 291
Headnote
CORPORATION OF lNDlA A v. ESCORTS LTD, & ORS. DECEMBER 19, 1985 [0, CHINNAPPA REDDY, E.S. VENKATARAMIAH, V. BALAKRISHNA B ERADI, R.B. MISRA AND V, KHALID, JJ,] A. Foreign Exchange Regulation Act, 1973, section 29(1) (b) - Whether the Reserve Bank of lndia had the power or authority to previous permission - Words atui Phrases 11 Permission11 meaning of. B. Corporate democracy, concept of, explained. C. Company Law - Shares - Nature of the property in shares D - La" relating to transfer of property in shares under the law and the effect of the provisions of the Foreign
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