Ifci Limited (India) Ltd vs Rasendra Chemexport Pvt Ltd And 14 Ors on 4 August, 2025
16. Though Mr. Savant has relied upon the judgment of Delhi High
Court in support of his proposition that it is the actual distribution
which cannot be disturbed and not declaration of dividend, upon
reading of the said decision, there is no such legal principle formulated
by the Delhi High Court. In facts of that case, the dividend declared was
already distributed and prayer was for recall of the distributed
Sairaj 14 of 16
IA(L)-22790-2025 (final).doc
dividend which was negated by the Delhi High Court by relying upon
the decisions of various Courts.