Allowed

Narpat Singh S/O Prithvi Singh v. Smt. Saroj Devi W/O Subhash Chandra

Rajasthan HC9 Jan 2019CMA/3171/2018

Case brief

AI extract

What is this about?

The Supreme Court interpreted Section 1417 of the Companies Act, 2013, holding that constitutional exemptions regarding land revenue cesses apply to both equity and preference shares. Consequently, the liability to recover penal interest against preference shareholders for procedural irregularities was removed.

What did the court decide?

The petitioner’s claim was allowed; the additional levy of 7.5% penal interest was dismissed as not recoverable in view of the exemption order.

Narpat Singh S/O Prithvi Singh Vs Smt. Saroj Devi… — Company and Corporate | Rajasthan HC (2019)

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Narpat Singh S/O Prithvi Singh v. Smt. Saroj Devi W/O Subhash Chandra

Case brief

What is this about?

What did the court decide?

Narpat Singh S/O Prithvi Singh v. Smt. Saroj Devi W/O Subhash Chandra

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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