Gift Deed to Mother-in-Law Struck Down – Fraudulent Share Transfer Invalid: SC

Shailja Krishna Vs Satori Global Limited & Ors. (Supreme Court of India) Gift Deed to Mother-in-Law Struck Down – Fraudulent Share Transfer Invalid – NCLT Can Decide Fraud Issues in Oppression & Mismanagement Cases – Supreme Court Restores Majority Shareholder In a landmark ruling, the Supreme Court in restored the NCLT’s order & set aside the NCLAT’s decision, declaring the alleged gift deed & share transfers invalid & reinstating Mrs. Shailja Krishna as the lawful majority shareholder & Director of the Company. FACTS The Company was incorporated in ...