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Supreme Court of India

Chatterjee Petrochem (i) Pvt. Ltd. v. Haldia Petrochemicals Ltd. & Ors.

Neutral citation
Reported as [2011] 15 S.C.R. 135
Bench Altamas Kabir and Cyriac Joseph JJ.
Decided 30 September 2011

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.

From the headnote

Companies Act, 1956 - ss. 397, 398 and 402 - Company petition under - Grievance of applicant-Chatterjee Group that due to non-registration of transfer of 155 million shares in their favour, and, on the other hand, transfer of 150 million shares in favour of IOC, the character of the Company in question (HPL) was altered from a Private Company into a Government Company and also reduced the Chatterjee Group to a minority shareholder, contrary to promises held out earlier and as incorporated in the agreements between the parties - Held: In order to succeed in an action under ss.397 and 398, the

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