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DIPANKAR DATTA, K. VINOD CHANDRAN
Shailja Krishna – Appellant
Versus
Satori Global Limited – Respondent
| Table of Content |
|---|
| 1. background of the company and shareholding structure. (Para 1 , 2 , 3) |
| 2. details on shareholding transfers and appellant's relationship. (Para 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11) |
| 3. appellant's complaints and actions taken against family members. (Para 12 , 13 , 14 , 15) |
| 4. nclt decisions and reasoning. (Para 16 , 17 , 19 , 20) |
| 5. arguments presented by the appellant and respondents. (Para 21 , 22 , 25) |
| 6. court's analysis on oppression and breaches. (Para 24 , 43 , 44 , 45 , 46) |
| 7. conclusion on the validity of nclt's order. (Para 54 , 55 , 56) |
JUDGMENT :
DIPANKAR DATTA, J.
THE APPEALS
1. National Company Law Tribunal, Allahabad Bench1 [NCLT] allowed a company petition2 [C.P. IB No. 107/ND/2013] filed by Mrs. Shailaja Krishna3 [Appellant] under Sections 397 & 398 of the COMPANIES ACT , 19564 [1956 Act] by its judgment and order dated 04.09.2018. In appeals there-against5 [Company Appeal (AT) No. 379/2018] the National Company Appellate Tribunal, Principal Bench at New Delhi6 [NCLAT] vide its common judgment and order dated 2nd June, 2023 set aside the said judgment and order of the NCLT and allowed two sets of appeals of the respondents. These civil appeals assail the sai
The court established that the NCLT must conduct a thorough examination of evidence in cases involving rectification of the Register of Members under the Companies Act, 2013.
The court ruled that both oppression and just and equitable grounds must be established for the CLB to exercise jurisdiction under the Companies Act, emphasizing strict interpretation of Articles of ....
The judgement establishes that shareholders holding not less than one-tenth of a company have the right to apply under the Companies Act for remedies regarding oppression and mismanagement.
The Companies Act, 2013 bars civil court jurisdiction in company disputes, mandating adjudication by the National Company Law Tribunal.
(1) Parliament always recognised possibility of a deemed public company again reverting back to status of a private company.(2) Position in law that a contract of personal services cannot be enforced....
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