Case Law Updates

Interim order passed without affording opportunity of hearing to directors amounts to violation of principles of natural justice, matter remanded : K. P. S. Selvaraaj v. Selvaraaj Tex P. Ltd. (Mad) p. 149
CLB has no jurisdiction to look into adequacy of consideration in respect of transfer of shares during pendency of proceedings : ABA Builders Ltd. v. Smt. Anjula Nagpal (Cal) p. 165
Claim acknowledged after expiration of period of limitation is barred by limitation and legally unenforceable : Orders passed on interlocutory application not to operate as res judicata : Michael Hart v. Ninestars Information Technologies Ltd. (Mad) p. 178
Where no infirmity in conduct of sale and no case of fraud, settled sale not to be unsettled : V. Thirumurugan v. Rajsriya Automobile Industries P. Ltd. (Mad) p. 186
Grant of leave by court not condition precedent to filing of suit, permission relates back to date of institution of suit : H. P. State Electricity Board v. Shivalik Casting P. Ltd. p. 203
Civil court has jurisdiction on matters not specifically said to fall within jurisdiction of company court : Matters arising out of memorandum of understanding, not company matter : K. Saravanan v. Cosmopolis Properties P. Ltd. (Mad) p. 210