Supreme Court · 2026 INSC 213 · Decided 10 March 2026
Pannalal Bhansali v. Bharti Telecom Limited & ORS.
- Court
- Supreme Court of India
- Citation
- 2026 INSC 213 · [2026] 3 S.C.R. 493
- Case number
- CIVIL APPEAL No. 7655/2025
- Decided
- 10 March 2026
- Bench
- SANJAY KUMAR, K. VINOD CHANDRAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution; Companies Act Section 66
Headnote
Issue arose whether the reduction of share capital u/s.66 of the Companies Act, 2013, and the consequent forced exit of minority shareholders, was arbitrary and unfair. Companies Act, 2013 - s.66 - Reduction of share capital - company, held a fraction of 1.09% of shares - Respondent no.1 decided to reduce its share capital u/s.66, by cancelling 28,457,840 equity shares held by the minority shareholders and paying them an exit price of Rs.163.25 per share which was subsequently raised to Rs.196.80 per share
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)