SC: SARFAESI Act Was Not Applicable in Nagaland Before its 2021 Adoption, Dismisses Creditor’s Plea  ||  SC: Lis Pendens Applies To Money Suits on Mortgaged Property, Including Ex Parte Proceedings  ||  Kerala HC: Civil Courts Cannot Grant Injunctions in NCLT Matters and Such Orders Can Be Set Aside  ||  Bombay High Court: Technical Breaks to Temporary Employees Cannot Deny Maternity Leave Benefits  ||  NCLAT: Appellate Jurisdiction Limited to Orders Deciding Parties’ Rights, Not Procedural Directions  ||  NCLAT: Personal Guarantors Involved In NCLT Proceedings Can Appeal Against Insolvency Admission  ||  Supreme Court: Foreign Companies’ Head Office Expenses in India are Capped under Section 44C  ||  SC Directs Trial Courts to Systematically Catalogue Witnesses and Evidence in Criminal Judgments  ||  SC Calls For Sensitising Future Generations on Equality in Marriage to Combat Dowry Practices  ||  SC: Separate Suits Against Confirmed Auction Sales are Barred; Remedy Available under Sec 47    

SC: Can’t Set Aside Decision to Allot Additional Shares Merely Because Promoters Have Also Benefited - (23 Jun 2023)

COMPANY

Supreme Court has held that largely disproportionate allotment of rights share in favour of one group of shareholders can’t be set aside merely because it substantially increases its shareholding percentage in the company over other group of shareholders and promoters have benefited from it.

Tags : SUPREME COURT   PROMOTERS   SHAREHOLDING   SHARES   ALLOTMENT  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved