Jai Mahal Hotels Pvt. Ltd vs Rajkumar Devraj & Ors

The Supreme Court examined the scope of power under Section 111 of the Companies Act, 1956, regarding rectification of a company's share register. The Court held that the validity of the succession certificate and the subsequent transfer of shares must be determined in light of the competing claims of heirs, particularly in the context of the Will dated 23rd June, 1996. The Court upheld the decision of the Company Law Board, affirming that the DR Group's claims were not substantiated against the objections raised by the UD Group, thereby dismissing the appeals of the DR Group.