Category Archives: Commercial Law

Preference shareholding cannot be equated with equity shareholding to invoke section 244. [Cyrus Investments (P.) Ltd. v/s. Tata sons Ltd.]

Cyrus Investments (P.) Ltd. v. Tata sons Ltd. C.P. Nos. 82/241, 242,244/NCLT (MAH.) OF 2016 Forum: National company law tribunal, Mumbai bench Bench: B.S. V. Prakash Kumar (Judicial member) & V. Nallasenapathy (Technical member) Decided on: March 6, 2017 Relevant provision: 1. Section 241, 242 & 244 of companies act, 2013 2. 397, 398 & […]

The provision of appeal under Section 17 of the SARFAESI Act is illusory. [Mardia Chemicals Ltd. Etc. Etc vs. U.O.I. & Ors. Etc. Etc]

Mardia Chemicals Ltd. Etc. Etc vs. U.O.I. & Ors. Etc. Etc  Transfer Case (civil) 92-95 of 2002 Before the Supreme Court of India Bench: CJ. Brijesh Kumar, Justice Arun Kumar. Relevant Acts/ Statutes:        Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Recovery of Debts due to Banks and Financial Institutions […]