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M. Sreenivasulu Reddy And Ors. vs Kishore R. Chhabria And Ors. on 19 April, 1999 cites

M/S Ammonia Supplies ... vs M/S Modern Plastic Containers ... on 4 September, 1998

Mr. Nariman, therefore, submitted that if there is no valid title, or if a title is sought to pass in contravention of the SEBI Regulations, the company has a right to reject the application for transfer. It cannot mean that it must first entertain the transfer and then go in appeal to the Company Law Board as canvassed by Mr. Chidambaram. Such a construction cannot be placed on Section 111A(2) proviso. Mr. Nariman submitted that this ground will also be available to a litigant whose right under a common law as a member is preserved as declared by the Supreme Court as recently as in Ammonia Supplies Corporation P. Ltd. 's case .
Supreme Court of India Cites 40 - Cited by 97 - A P Misra - Full Document
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