Rajul Haresh Mehta v. Phoenix Mills Limited
Case brief
What is this about?
Testamentary Petition interim application; probated Will distribution of shares; transfer of 4250 equity shares and 4250 bonus shares issued 20 September 2024; Investor Education and Protection Fund (IEPF) Authority; unclaimed dividend; e-verification by listed company; consent affidavit of co-beneficiary verified via video conferencing; Phoenix Mills Limited; Bombay High Court OOCJ; two-week deadlines for formalities and share transfer; application disposed of; single bench of Sandeep V. Marne.
What did the court decide?
Application disposed of with directions: Respondent No.1 to issue e-verification and complete all requisite formalities within two weeks; Respondent No.2 to transfer the 4250 equity shares plus 4250 bonus shares (issued 20 September 2024), with accruals and unclaimed dividends, into the Applicant's name within two weeks of that completion.