Supreme Court of India
Pannalal Bhansali v. Bharti Telecom Limited
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
Issue for Consideration Issue arose whether the reduction of share capital u/s.66 of the Companies Act, 2013, and the consequent forced exit of minority shareholders, was arbitrary and unfair. Headnotes† Companies Act, 2013 – s.66 – Reduction of share capital – Appellants-minority public shareholders in the respondent company, held a fraction of 1.09% of shares – Respondent no.1 decided to reduce its share capital u/s.66, by cancelling 28,457,840 equity shares held by the minority shareholders and paying them an exit price of Rs.163.25 per share which was subsequently raised to Rs.196.80 per
Authorities it was built on
- 2010 Union of India v. R. Gandhi, President, Madras Bar Association
- 1985 Life Insurance Corporation of India v. Escorts Ltd, & Ors.
- 1952 The State of West Bengal v. Anwar Ali Sarkar
- 2015 Madras Bar Association v. Union of India & Anr.
- 2012 N.K. Bajpai v. Union of India and Anr.
- 2022 Devas Multimedia Private Ltd. v. Antrix Corporation Ltd. & Anr
- 2005 Smt. Claude-lila Parulekar v. M/s. Sakal Papers Pvt. Ltd. and Ors.
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