Supreme Court of India

M.S. Madhusoodhanan and Anr. v. Kerala Kaumudi Pvt. Ltd. and Ors.

Neutral citation

Reported as [2003] SUPP. 2 S.C.R. 107

Bench Ruma Pal and B.N. Srikrishna JJ.

Decided 1 August 2003

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

3 Supreme Court benches have cited this judgment.

What the Court ordered

We hold that Madhusoodhanan and his group were not served with the notice dated 1.8.86 . It is therefore unnecessary to decide whether the period prescribed in the notice to apply for the shares was too short or contrary to the Articles of Association of Kerala Kaumudi.

Judgment, page 52

From the headnote

Sale of Goods Act, 1930-Section 9-Contract Act, 1872-Section 29- Transfer of shares of a company-Determination of consideration amount at a later date-Validity of-Held: Such agreement is valid-It is not void for uncertainty-Section 9 permits such transfer. Companies Act, 1956: Sections 108 and 195-Transfer of shares between two brothers-Validity of-Held: Documentary evidence showing valid transfer-Intention to transfer evident from immediate and unconditional transfer and the transfer deeds placed before the Board and duly approved-Annual returns filed also mentioning transfer-Transfer of

Authorities it was built on

1991 V. B. Rangaraj v. V. B. Gopalakrishnan and Ors. cited by 9
1962 M/s. Surajmull Nagarmull v. State of West Bengal cited by 6
1957 The State of Madras v. A. Vaidyanatha Iyer cited by 5
1956 Jai Narain Ram Lundia v. Kedar Nath Khetan and Others. cited by 4

Where later benches applied it

2019 Ram Parshotam Mittal & Ors. v. Hotel Queen Road Pvt. Ltd. & Ors. referred to
2011 Samittri Devi and Anr. v. Sampuran Singh and Anr. mentioned
2008 Shri V.S. Krishnan and Ors. v. M/s. Westfort Hi-tech Hospital Ltd. and Ors. mentioned

Of those, 1 referred to · 2 mentioned

Sign in free to read it

The full judgment, page by page, as published in the Supreme Court Reports
The ratio: what the Court held, verbatim, with the page it sits on
Every bench that relied on it, and every bench that argued against it
Search every reported judgment, by party, citation or question
Download the PDF, copy pinpoint citations ready for a filing

An email address, no password.