SC Stayed Bombay HC Order Granting Relief to Disqualified Director

By Vinita Verma Company Law Judiciary August 10, 2018 1 comment

TaxGuru Citation: 2018 taxguru.in 1368
Case Name: Registrar Of Companies Maharashtra Mumbai & Anr Vs. Shailendrajit Charanjit Rai & Anr. (Supreme Court)
Appeal Number: Only available for paid members
Date of Judgement/Order: Only available for paid members
Courts: Supreme Court of India

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ROC Maharashtra Mumbai & Anr Vs. Shailendrajit Charanjit Rai & Anr. (Supreme Court)

On Monday, 06^th August 2018, the Honourable Supreme Court has stayed Bombay High Court Interim Order for granting relief to Disqualified Director by admitting Special Leave Petition by Ministry of Corporate Affairs.

According to the interim order of the Bombay High Court, the companies’ directors who had been disqualified by the Ministry of Corporate Affairs (MCA) no longer be considered as disqualified. The Bombay HC directed to the Registrar of Companies to accept the physical documents of the struck off companies whose directors are disqualified and treat them as Voluntary striking off applications.

But now, as per aforesaid stay order of SC, other similar orders issued by various high courts in respect of relief to disqualified directors shall stand stayed.