Supreme Court of India

J.P. Srivastava and Sons Pvt. Ltd. and Ors. v. M/s Gwalior Sugar Co. Ltd. and Ors.

Neutral citation
Reported as [2004] SUPP. 5 S.C.R. 648
Bench Ruma Pal and Arun Kumar JJ.
Decided 26 October 2004

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.

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From the headnote

Companies Act-Sections 397, 398 and 399(3) Petition by shareholders including a trust-Support of share holders having 10% of total issued shares-Calculation of-Held: Shareholding of the trust was to be taken into account as trust deed allowed a co-trustee­ petitioner to act for the trust under express authorisation. Petition by Shareholders including a trust-Beneficial interest in part of shares held by trust already vesting in its beneficiaries prior to filing of petition-Held; This was irrelevant as beneficial interest rf'uld not make owner thereof a member of company-It could not mean that

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