Allowed
Konark Synthetic Limited v. ------------------------------------------
Bombay HCCP/98/2009
Case brief
AI extract
What is this about?
Petitioner seeks confirmation of a special resolution from 8-9-2008 to reduce share capital by cancelling 42,000 equity shares rejected by the Bombay Stock Exchange. The court allowed the petition.
What did the court decide?
Certificate of reduction of share capital to be issued; Rs.23,10,000/- to be utilized to pay back premium received on allotment of cancelled shares.