Rulings
HC: Quashes Yes Bank’s director appointments; Co-founder’s rights not “personal”, devolves to widow
CLB: Dismisses legal heir’s claim on assets of partnership firm converted to co.
CLB: Upholds bank management’s decision to defer share transfer; RBI’s approval a pre-requisite
CLB: Strikes down AoA clause conferring discretionary powers to directors on share allotment
CLB: Allows amendments to Sec 397/398 petition at hearing completion stage, for continuing mismanagement
HC: Draws difficult “dividing line” between personal & corporate rights; Dismisses majority shareholders ‘derivative-action’ suit
CLB: Irrefutable right of investor to nominate director of choice; No Board discretion
HC: Allows investigation against impleaded party in Sec. 397/398 proceedings; Funds siphoning allegations serious
CLB: Director has unfettered right to resign despite co’s outstanding-liabilities; Co. refusal ill-founded
CLB: Sec. 397/398 remedy available only to existing shareholders, not to persons long disassociated
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