The NCLT Ahmedabad case of Hitesh Shah & Anr vs. Aquafil Polymers Company Pvt Ltd & Ors examines whether an arbitration clause in a Share Purchase Agreement overrides NCLT’s jurisdiction in oppression and mismanagement petitions.
Supreme Court emphasized that clauses using permissive language, such as may be sought, do not establish a binding arbitration agreement.
Resignations of Independent Directors raise concerns over their autonomy in promoter-led firms. A legal and governance review explores the challenges and reforms needed.
Legal process of restoring struck-off companies by NCLT. Learn about appeals, defenses, and the cost implications in the restoration of company names.
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗲𝗱𝗶𝘁𝗼𝗿’𝘀 𝗶𝗻𝘀𝗼𝗹𝘃𝗲𝗻𝗰𝘆 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗼𝗿 “𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗮𝗹𝗼𝗻𝗲” 𝗲𝘃𝗲𝗻 𝗶𝗳 𝗽𝗿𝗶𝗻𝗰𝗶𝗽𝗮𝗹 𝗮𝗺𝗼𝘂𝗻𝘁 𝗶𝘀 𝗻𝗼𝘁 𝗱𝘂𝗲.
Karnataka HC ruled that a shareholder (minority or otherwise) can’t initiate proceedings on its own for alleged offence of fraud U/s. 447 of Companies Act, 2013
ROC, Delhi penalizes Company & directors for non-appointment of mandatory woman director 1. ROC, Delhi imposes a penalty of Rs. 4.76 lakh on a Company and its Directors for non-appointment of woman Director, in violation of Sec. 149 of the Companies Act, 2013 r.w. Rule 3(ii) of the Companies (Appointment and Qualification of Directors) Rules, […]
NCLAT Delhi cancels sale of Corporate Debtor to auction purchaser in Liquidation Proceedings for failure to pay consideration in 90 days as stipulated under IBBI (Liquidation Process) Regulations 2016.
Parsvnath Developers Ltd Vs Future Retail Limited (Delhi High Court) Arbitration Agreement : Sufficiency of stamp duty on agreement & nature of contract cannot be adjudicated by Court U/s 11 Of A&C Act. The dispute as to whether the contract was sufficiently stamped or not, and the averments made by the petitioner with respect to the […]