Supreme Court · 1992 INSC 35 · Decided 4 February 1992
Raymond Synthetics LTD. and ORS. v. Union of India and ORS.
- Court
- Supreme Court of India
- Citation
- 1992 INSC 35 · [1992] 1 S.C.R. 481
- Case number
- CIVIL APPEAL No. 3498/1991
- Decided
- 4 February 1992
- Bench
- T.K. THOMMEN, S. MOHAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 73, 73(2)
Headnote
Companies Act, 1956--Section 73--Public Limited company-Listing shares on stock exchange-Procedure-When allotment of shares becomes void-When liability to repay application money and interest arises­ Permission-When deemed to be refused or granted. Securities Contracts (Regulation) Act, (2), (2A), (2B}, 2 (31), 5- Interest---Payment of--£.'ompany 's lia bi/ ities--D rcwnstances--Si fllation A B c in pre and pbst Companies (Amendment) Act, 1974-Liability of D Directors~5cope of-"An Officer in default"~onstruction. Companies Act, 1956--Section
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