Supreme Court · 2016 INSC 959 · Decided 7 October 2016
Tin Plate Dealers Association PVT. LTD. & ORS. v. Satish Chandra Sanwalka & ORS.
- Court
- Supreme Court of India
- Citation
- 2016 INSC 959 · [2016] 8 S.C.R. 145
- Case number
- CIVIL APPEAL No. 589/2010
- Decided
- 7 October 2016
- Bench
- RANJAN GOGOI, PRAFULLA C. PANT (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 397, 398, 53, 87(2)
Headnote
Companies Act, 1956: ss.397, 398, 53 - Compa11y petitio11 maintainability of - Company petilion ll'as filed by lhe respo11dents No. 1-7 (Sanwalka group) against the appel!a11ts No.2-5 (Gupta group) - CLB held pelition maintainable - Shares ll'ere allotted lo lhe respondents of the same i11 ha11ds of the appellants - Plea of appellants 1hat shares 11•ere held by the re.1pondents as beneficiary holders on behalf of appella11ts and respondenls failed lo compZv with the notice 10 pay the u11paid value of fmfeited shares - Held: Share certificates discloses that
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