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IN THE HIGH COURT AT CALCUTTA
MADHURESH PRASAD, SUPRATIM BHATTACHARYA
Sajal Dutta – Appellant
Versus
Reserve Bank of India – Respondent
| Table of Content |
|---|
| 1. formation and initial funding of the ruby general hospital. (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 2. challenges related to writ proceedings and petitioners' positions. (Para 11 , 12 , 13 , 14 , 17 , 18) |
| 3. claims of oppression and board dynamics. (Para 15 , 16 , 19 , 20 , 23) |
| 4. arguments about maintainability of the writ petition. (Para 21 , 22 , 24 , 26) |
| 5. arguments on the rbi's authority regarding share issuance. (Para 25 , 27 , 30 , 32) |
| 6. the role of shareholder rights in judicial proceedings. (Para 33 , 34 , 35) |
| 7. permissibility of importing second-hand equipment. (Para 36 , 37 , 39 , 40) |
| 8. validity and implications of rbi's decisions. (Para 41 , 42 , 43 , 44) |
| 9. clarifications on approvals related to share allotment. (Para 45 , 46 , 48 , 49) |
| 10. judicial review limitations on rbi's authority. (Para 50 , 51 , 52) |
| 11. res judicata and previous findings related to share issues. (Para 53 , 54 , 55 , 56) |
| 12. dismissal of the appeal. (Para 57 , 58) |
JUDGMENT :
MADHURESH PRASAD, J.
1. The Ruby General Hospital Company Limited (hereinafter referred to as the Company) was incorporated in the year 1991 by two non-resident Indians Dr. Kamal Dutta and Binod Prasad Sinha a
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