Case Law Details
Case Name : Real Lifestyle Broadcasting (P.) Ltd. Vs Turner Asia Pacific Ventures Inc. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
The scope of the powers of the Company Court under Section 392 of the Act, as explained by the majority opinion of the Supreme Court in Reliance Natural Resources Ltd. (supra), does not permit rewriting of the scheme or introducing into it clauses that plainly do not exist. Consequently, this Court fails to appreciate how on the strength of either J.K. case or Reliance Natural Resources Ltd. (supra), RLB can persuade the Court, in exercise of its powers under Section 392 of the Act, to read into the Scheme of binding obligation on Turner to ensure the transfer of the distribution network to RL...
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