Supreme Court of India
Daiichi Sankyo Company Ltd. v. Jayaram Chigurupati & Ors.
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.
2 Supreme Court benches have cited this judgment.
What the Court ordered
Before parting with the records of the case we would like to say that in arriving at the correct meaning of the provisions of the Takeover Code specially regulation 14(4) and 20(12) we were greatly helped by the reports of the two D Committees headed by Justice Bhagwati.
Judgment, page 47
From the headnote
Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997: Regulations 20(4)(b), 20(12), 2(e)(1) and (2) - Offer price for acquisition of shares in case of indirect takeover of a company - Determination of - Ranbaxy acquired shares of Zenotech in January 2008 at a price of Rs. 160 per equity share - On June 16, 2008, Daiichi made public announcement to the shareholders of Ranbaxy to acquire shares - Daiichi acquired more than 50% of share capital of Ranbaxy on October 20, 2008 and Ranbaxy became subsidiary of Daiichi - On January 19, 2009,
Where later benches applied it
- 2018 Arcelormittal India Private Limited v. Satish Kumar Gupta & Ors.
- 2019 Pioneer Urban Land and Infrastructure Limited & Anr. v. Union of India & Ors.
Of those, 1 relied on · 1 referred to
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.