Shyam Madam Mohan Ruia vs Messer Holdings Limited

The Supreme Court upheld the Bombay High Court's decision that Suit No.2410 of 2008 filed by Messer Holdings Limited (MHL) is within the period of limitation, reversing the earlier ruling of the Single Judge. The Court clarified that the rights of the parties regarding the ownership of 75,001 shares of Bombay Oxygen Investments Ltd. (BOIL) must be established in the ongoing suit, referencing the precedent set in Nugen Machineries Limited v. Minal A. Goswami & Anr. The Court emphasized the importance of determining the title of shares in the context of prior settlements and agreements.