Supreme Court · 2010 INSC 290 · Decided 7 May 2010

Reliance Natural Resources LTD. v. Reliance Industries LTD.

Court
Supreme Court of India
Citation
2010 INSC 290 · [2010] 5 S.C.R. 704
Case number
CIVIL APPEAL No. 4273/2010
Decided
7 May 2010
Bench
K.G. BALAKRISHNAN, B. SUDERSHAN REDDY, P. SATHASIVAM (3-judge bench)
Outcome
Disposed off
Case type
Civil
Acts & sections cited
Constitution Article 14, 39(b), 73, 77(3), 291, 298; Companies Act Section 193, 194, 195, 293, 391, 392, 393, 394

Headnote

Companies Act, 1956: Sections 193, 194, 195, 293, 391, 392, 393 and 394 - Gas Sales & Master Agreement (GSMA) - Entered into by Reliance Natural Resources Limited (RNRL) with Reliance Industries (RIL) on the basis of Memorandum of D Understanding (MoU) arrived at - Scheme approved by Company Court - Hence Sections 392 and 394 applicable - Power of the Court under Sections 391 to 394 wide enough to make necessary changes in the Scheme - How&er, the power does not extend to making any substantial or substantive changes to the Scheme - The said E MoU

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