Company Application allowed by consent to modify a prior order permitting the applicant to sell subsidiary shares and pay balance proceeds.
Application allowed in terms of consent prayer to modify judgment permitting sale of shares and payment of balance proceeds.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMPANY APPLICATION (L) NO. 90 OF 2015
IN
COMPANY PETITION NO. 95 OF 2014
M/s. Resurgere Mines and Minerals India Limited … Applicant IN THE MATTER BETWEEN : M/s. Sundaram Finance Company … Petitioner Versus M/s. Resurgere Mines and Minerals India Limited … Respondent
Mr. Ashutosh Gole for the Applicant / Respondent. Ms. S.I. Joshi for the Petitioner.
Ms. Pratibha, Assistant OL, present.
CORAM : S.J. KATHAWALLA, J. DATED : 25TH MARCH, 2015
P.C.:
“(a)That the judgment and order dated 23th December, 2014
be suitably modified and the Applicant be permitted to sell
shares of its subsidiary company viz. Warana Minerals Private Limited to the prospective purchaser and pay the balance amount out of Rs.45,00,000/- as per order dated
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23rd December, 2014 with proportionate interest to the original Petitioner out of the said sale proceeds”.
(S.J. KATHAWALLA, J.)
M/s. Sundaram Finance Company
M/s. Resurgere Mines and Minerals India Limited
S.J. Kathawalla
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
