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.

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