RAM PARSHOTTAM MITTAL vs M/S HILLCREST REALTY SDN.BHD.& ORS.ETC.

The Supreme Court addressed the interpretation of Section 87(2)(b) and Section 90(2) of the Companies Act, 1956, in the context of share allotment and voting rights. The Court held that the amendments to the Articles of Association, which excluded preference shareholders from voting rights, were valid and did not contravene statutory provisions. Consequently, the appeals filed by Ram Parshotam Mittal and others were dismissed, affirming the High Court's judgment regarding the legality of the share allotment and the rights of shareholders.