Resourceful. Naturally.
Resourceful. Naturally.
Background The State Trading Corporation of India[1] is a private limited company incorporated under the Indian Companies Act, 1956, with its headquarters in Delhi and the Government of India contributing its entire capital. The Sales Tax Authorities of Andhra Pradesh…
Facts Sunair is a public limited company[1] established in 1977 and incorporated under the Companies Act of 1956. Sunair is in the business of building and operating hotels, among other things; it is not listed on any national stock exchange…
Facts Of the Case The applicant[1] in 1989 filed a company petition alleging that “the respondent-company, Kaumudi Exporters (Private) Limited failed and neglected to pay Rs. 5,54,910 debt to him with 12% interest from 09.07.1986”. The applicant alleged in the…
Facts The appeal[1] was filed against the Punjab and Haryana High Court’s judgement and order dated 15.4.1975 in response to the Income Tax Appellate Tribunal’s Income Tax Reference to the Court. Justice Singh had previously delivered the Court’s previous decision.…
Introduction Previously[1] Sahara India Real Estate Corporation Limited (“SIRECL”) and Sahara Housing Investment Corporation Limited (“SHICL”) floated a problem of OFCDs and commenced accumulating subscriptions from buyers with impact from twenty-fifth April 2008 as much as thirteenth April 2011. During…
The emphasis of the case is on the concept of a fair amount of time. It emphasises that no approval should be deemed binding after a fair time has elapsed without the recognition being conveyed. It also states that even…
Background By passing a special resolution in line with Section 189 of the Companies Act[1], 1956, the company called “MacKinnon Mackenzie” made a modification in the company’s memorandum of agreement for the purpose of moving the company’s head office from…
Background This case[1] was brought before the Gujarat High Court Division Bench on special leave. The Division Bench had previously rejected the appellant’s appeal and upheld the order of the Single Judge in the company petition, sanctioning a Scheme of…
Facts Marshall Sons and Co. (Mfg) Ltd.[1], Ambattur, a subsidiary company of Marshall Sons and Co. (India) Ltd. registered under the Companies Act, was engaged in the manufacture and sale of cranes and other road-making machinery. The company was an…
The Respondents have challenged a common judgement of the High Court of Madhya Pradesh at Gwalior in Miscellaneous Company Appeals[1]. The Respondents filed these appeals against the Company Law Board’s (CLB) order arising out of the appellants’ applications under Sections…
Facts The holder of a debenture issued by the Mayfair Property corporation[1], charging it’s uncalled money, appealed from a decision of Wright J. that the debenture created no charge upon that portion of the company’s capital that could only be…
Introduction This case concerns an arrangement that is void due to a lack of legitimate respect between the parties. As a result of the parties’ lack of legitimate concern, there is not a valid arrangement between them. According to the…
This[1] is the prominent High Trees case, in which Lord Denning reinvigorated the old doctrine of promissory estoppel, which was first formulated in Hughes v Metropolitan Railway[2]. Facts In September 1937, the appellant firm, Central London Property Trust ltd, leased…
