Unimers India Ltd. v. ..
Case brief
What is this about?
The Single Judge crystallized a petition for the reduction of equity share capital of Unimers India Ltd. by dispensing with Section 101(2) procedures after obtaining Regional Director approval and passing a special resolution.
What did the court decide?
The petition is made absolute in terms of prayer clauses (a) and (b).
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
:1:
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
O.O.C.J.
COMPANY PETITION NO. 43 OF 2007 In the matter of Reduction of Equity Share Capital Account of UNIMERS INDIA LIMITED.
Unimers India Ltd. ... Petitioner.
Mr. Rajesh Shah for the Petitioner.
Mr. C.J. Joy with Bharati Mahant, Regional Director.
Mrs. K.V. Gautam, Dy. Official Liquidator.
CORAM : DR. D.Y.CHANDRACHUD,J.
23rd March 2007.
P.C. :
The relief that has been sought in the Company
Issues for consideration
2 issues framed by the court
Whether the petition for reduction of equity share capital should be made absolute.
Whether the dispensation under Section 101(2) of the Companies Act, 1956 was valid.
Parties & counsel
- petitioner
Unimers India Ltd.
- respondent
Regional Director
- respondent
K.V. Gautam
Coram
Case details
As recorded by the court registry
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