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...Sandvik Asia Ltd. Vs. Bharat Kumar Padamsi and others, reported in (2009) 151 Company Cases 251 (Bomb) has...(Passed on 26th November, 2015) 1. This company petition has been filed by petitioner Saurabh Cement Pvt. Ltd. for confirming the reduction of the share capital under.../15 has been filed disclosing that publication in terms of the aforesaid direction has been done. 7. Bombay High court in the matter of Tata Realty and Infrastructure Ltd. reported in...
...Sandvik Asia Ltd. v. Bharat Kumar Padamsi, reported in (2009) 151 Company Cases 251 (Bomb) has held that the company can red...Coal (MoC) vide letter dated 12.04.2006 As per the allocation letter, a 50:50 joint venture company of Essar Power Ltd. and Hindalco Industries Ltd. was formed with the sole object of mining coal from...requirement of Section 101 is complied with by the petitioner. Nobody came forward to file objections etc.13. Bombay High Court in the matter of Tata Realty and Infrastructure Ltd...
...- Sandvik Asia Ltd. v. Bharat Kumar Padamsi [(2009) 92 SLC 272 (BOM.)]. It is submitted that the Respondent-Company was de-li...attention to the judgment of the Apex Court - Miheer M. Mafatlal v. Mafatlal Industries Ltd. [(1997) 1 SCC 579], and more particularly, paragraph 29 of the said judgment...-Company with other companies, such as HOCL, Vinati Organics Ltd., Tata Chemicals Ltd., etc. He submitted that no comparison of the Respondent-Company should be made with other companies.4. On...
...and divide its share capital into shares of larger amount than its existing shares.5. In the case of Sandvik Asia Ltd. v. Bharat Kumar ...the name and Style of Digital Equipments (India) Ltd. It was a 51 per cent, subsidiary of Digital Equipments Inc., a United States based multinational company. With the worldwide amalgamation of...Digital Equipment and Compaq and later, on the amalgamation of Compaq and Hewlett-Packard, respondent No. 1 company acquired its present name as M/s. Hewlett-Packard Global Soft Ltd. The registered office...
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Sandvik Asia Ltd. v. Bharat Kumar Padamsi [2009] 91 CLA 247 concerning the reduction of capital of... China Ltd. [1907] AC 229 (HL) that the dissenting shareholders do not demand, and never have demanded, better pecuniary terms, but they...Hon'ble Delhi High Court, Single Bench in the matter of M/s. Reckitt Benckiser (India) Ltd., 2011 SCC...
...Sandvik Asia Ltd. v. Bharat Kumar Padamsi [2009 Vol. 111 (4) Bom. LR 1421], concerning the reduc...this Court, had refused confirmation of the proposal for reduction of M/s. Sandvik Asia Ltd. on the ground that the promoters group could virtually bulldoze the minority shareholders and purchase....”The Learned Bench granted sanction to the reduction of capital, overruling the order of the Learned Single Judge in Sandvik Asia Ltd. (supra), and posited as follows:“Once it is...
...Court in Sandvik Asia Limited v. Bharat Kumar Padamsi (2009) 92 SCL 272 (Bom) and Organo...Sandvik Asia Ltd. v. Bharat Kumar Padamsi [2009] 91 CLA 247 [2009] 111 (4) Bom. LR 1421, concerning the reduction of capital ...Sandvik Asia Ltd. The learned Single Judge of this court, had refused confirmation of the proposal for reduction of Sandvik Asia Ltd. on the ground that the promoters group could virtually bulldoz...
...Sandvik Asia Ltd. v. Bharat Kumar Padamsi, [2009] 92 SCL 272 (Bom.) as well as the decision rendered by Delhi High Court in the case of Reckitt Benckiser (India) Limited, in Co...
...only manner in which share capital may be reduced. In support cited the Judgment of Honble Bombay High Court in the case of Sandvik Asia Ltd. Vs. Bharat Ku...only manner in which share capital may be reduced. For the purpose it is useful to refer the Judgment of Honble Bombay High Court in the case of Sandvik Asia Ltd. (Supra) In this case the company had.... 55. Honble Bombay High Court in the case of Sandvik Asia Ltd. (Supra) dealt a petition in which the petition for reduction of share capital of the company be reduced by paying off...
...19. This Court is, however, bound by the decision of the Division Bench of this Court, reported in Sandvik Asia Ltd. v. Bharat Kumar ...] 91 CLA 247, [2009] 111 (4) Bom. LR 1421, concerning the reduction of capital of Sandvik Asia Ltd. The learned Single Judge of this court, had refused confirmation of...the proposal for reduction of Sandvik Asia Ltd. on the ground that the promoters group could virtually bulldoze the minority shareholders and purchase their shares at the price dictated by them. The...
...Sandvik Asia Ltd. v. Bharat Kumar Padamsi [2009] 91 CLA 247 [2009] 111 (4) Bom. LR 1421, concerning the reduction of capital ...Asia Limited vs. Bharat Kumar Padamsi and Ors. (2009) 92 SCL 272 (Bom) and Organon (India) Ltd., In Re.(2010) 98 CLA 480...Judge of this court, had refused confirmation of the proposal for reduction of Sandvik Asia Ltd. on the ground that the promoters group could virtually bulldoze the minority shareholders and purchase...
...Sandvik Asia Ltd v. Bharat Kumar Padamsi in support of his submission that the jurisdiction of this Court under Sections 391 and 394 of the A...Sandvik Asia Ltd. (supra). The Bench has copiously quoted several passages from the judgment in British and American Trustee & Finance Corpn. v. Couper ((1894) A.C. 399...Court in Miheer H. Mafatlal v. Mafatlal Industries Ltd., a judgment of a Division Bench of this Court in...
...Ltd and a judgment of a Division Bench of Bombay High Court in Sandvik Asia Ltd Vs. Bharat Kumar Padamsi in support of his submis...).
An identical view was taken by a Division Bench of the Bombay High Court in Sandvik Asia Ltd (supra). The Bench has copiously quoted several passages from the judgment in British...Miheer H.Mafatlal Vs. Mafatlal Industries Ltd , a judgment of a Division Bench of this Court in Vadlamudi Rama Rao Vs. ...
...Sandvik Asia Ltd Vs. Bharat Kumar Padamsi (2009) 92 SCL 272 (BOM.) in support of his submission that the jurisdiction of this Court under Sect...taken by a Division Bench of the Bombay High Court in Sandvik Asia Ltd (supra).
The Bench has copiously quoted several passages from the judgment in British and American...Miheer H.Mafatlal Vs. Mafatlal Industries Ltd (1997) 1 SCC 579), a judgment of a Division Bench of this Court in...
...intervention applicants has referred to Sandvik Asia Ltd. v. Bharat Kumar Padamsi, 2009 (3) Bom CR 57 (Bombay High Court) and...Sandvik Asia Ltd. v. Bharat Kumar Padamsi supra and it was held in para 17 as under:—….The Learned Bench granted sanction to ...Learned Single Judge in Sandvik Asia Ltd. (supra), and posited as follows:“Once it is established that non-promoter shareholders are being paid the fair value of their shares, at no...
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(ii). Sandvik Asia Limited Vs. Bharat Kumar Padamsi & Ors., 2009 SC Online Bom 541.
19. On the other han...very same issue has been noticed by a single Judge of the Bombay High Court in Organon (India) Ltd., which followed the view of its Division Bench in Sandvik Asia...Shareholders.
24.1 A similar question came up for consideration before the Division Bench of the Bombay High Court in Sandvik Asia. In the said case, the...
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ASIA LIMITED VS. BHARAT KUMAR PADAMSI
AND ORS.', 2009 VOL.III (4) BOM. L.R. 1421...ASIA LIMITED VS. BHARAT KUMAR & ORS (2009) 3 BOM CR 57; RECKITT BENCHISER (INDIA) LTD., (2005...) DLT 612, 'M.R.GOYAL VS. USHA INTERNATIONAL LTD.', (1998) 93 COMPCAS634 (DELHI) and SANDVIK...
...unfair and unjust.
The judgment of learned Company Judge in Sandvik Asia Ltd., (supra) was assailed in appeal as Sandvik Asia Limited v Bharat Kumar Padamsi 2009...), Ramesh B.Desai (supra) and In re: Sandvik Asia Ltd., (2004) 121 Comp Cas 58 (Bom).
Before considering the merits of the..., and in particular the postponement of the date of repayment. There is nothing on the petitioner’s side which in my judgment even begins to meet this evidence.
In Sandvik Asia Ltd...
.... [122 (2005) Delhi Law Times 612]; (b) Sandvik Asia Limited vs Bharat Kumar...Padamsi [2009 (3) Bom. C.R 57]; In the Sandvik Asia case, the Honble Bombay High Court has observed in para-16 thereof that - If non-promoter shareholders have no objection, court should not...section 66 of the Companies Act, 2013). In this regard, we have particularly considered two cases: - (a) Reckitt Benckiser (India) Ltd...