Supreme Court · 2019 INSC 678 · Decided 10 May 2019

Ram Parshotam Mittal & ORS. v. Hotel Queen Road PVT. LTD. & ORS.

Court
Supreme Court of India
Citation
2019 INSC 678 · [2019] 7 S.C.R. 976
Case number
CIVIL APPEAL No. 3934/2017
Decided
10 May 2019
Bench
ARUN MISHRA, INDIRA BANERJEE (2-judge bench)
Outcome
Disposed off
Case type
Civil
Acts & sections cited
CrPC Section 340; Companies Act Section 286, 300, 108, 87(2)(b)

Headnote

Companies Act, 1956 - ss. 286, 300 and 108 & ss.19(2), 85, 87(2)(b),169(4), 397 and 398 - Government of India took policy decision on 5.7.02 to disinvest its shares in the Indian Tourism Development Corporation (ITDC) which owns various hotel properties; one of Hotel - In terms of an approved scheme of Arrangement of Demerger the said hotel was transferred to the Respondent No.1-HQRL, created as a Special Purpose Vehicle to enable disinvestment - Government of India invited bids for sale of shares in HQRL - Appellant No.3-Moral

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