Supreme Court · 2005 INSC 45 · Decided 20 January 2005
Sangramsinh P. Gaekwad and ORS. v. Shantadevi P. Gaekwad (I) THR. LRS. and ORS.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 45 · [2005] 1 S.C.R. 624
- Case number
- CIVIL APPEAL No. 6359/2001
- Decided
- 20 January 2005
- Bench
- N. SANTOSH HEGDE, S.B. SINHA (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
- Acts & sections cited
- CPC Section 6; Evidence Act Section 4, 17; Companies Act Section 397, 398, 81
Headnote
Companies Act, 1956-Sections 397 and 398 : Private Company-Decision to increase shares and issue some of those C to the members of the Company-Out of the shares to be given to the members, some were earmarked for the Chairman of the Company-Out of the remaining, few shares were allotted to two some were allotted to a member and to the family members of the new Chairman and rest of the issues were closed as the D earmarked shares were renounced by the former Chairman-New Chairman transferred the shares owned by him and his family members to another Company owned by them-Company Petition
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