Supreme Court: Compassionate Appointees Cannot Later Claim Entitlement to a Higher Post  ||  NCLAT New Delhi: Insolvency Pleas Cannot Be Admitted When Information Utility Records Show a Dispute  ||  NCLAT: Issuing Cheques For Another Entity’s Liabilities Does not Constitute Operational Debt  ||  NCLAT: SEBI Penalties Imposed After Liquidation Begins are Not Admissible as Claims  ||  NCLT Reiterates That an Auction Purchaser is Not Liable For a Corporate Debtor’s Electricity Dues  ||  Delhi HC Upholds Interim Injunction Against 'Power Flex' in Bata’s Trademark Infringement Case  ||  Calcutta High Court: Mere Presence of Alcohol in Post-Mortem Cannot Bar Compensation to Heirs  ||  Kerala High Court: Review Petition Cannot Be Entertained Against an Order Refusing Arbitration  ||  J&K High Court: Umadevi Judgment Does not Justify Perpetual Temporary Employment  ||  SC: Public Premises Act Prevails over State Rent Laws For Evicting Unauthorised Occupants    

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