Quashed
Reliance Retail Securities and Broking Company Limited and Ors. v. Anil Kumar Poddar Son of Late Ram Karan Poddar and Anr.
Bombay HCAPL/281/2013
Case brief
AI extract
What is this about?
This Court dismissed multiple criminal applications filed by Reliance companies seeking quashment of proceedings initiated by Anil Kumar Poddar. The judge held that Poddar, being a non-shareholder, has no legal right to dissolve the companies. Consequently, the impugned proceedings were quashed.
What did the court decide?
The proceedings initiated by respondent No.1 are quashed and set aside.