Court should not interfere in decision passed by overwhelming majority of share-holders

HIGH COURT OF CALCUTTA J.K. Agri Genetics Ltd. Versus Union of India A.P. O. NO. 249 OF 2010 C.P. NO. 361 OF 2006 SEPTEMBER 10, 2012 JUDGMENT Backdrop Ashim Kumar Banerjee. J.  This appeal would involve Scheme of Arrangement between J.K. Agri Genetics Limited and Florence Alumina Limited, sanction of which was refused by the learned company Judge vide judgment and order dated May 20, 2010 in C.P. No.361 of 2006, that gave rise to the present appeal. The application was opposed by two shareholders namely, Shri Krishnagopal Motilal Chandak, the respondent no.3 and Ramesh Kumar ...