SHYAM MADAN 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 limitation period, reversing the earlier ruling of the Single Judge. The Court emphasized that the rights of the parties regarding the ownership of shares and the validity of the Settlement Agreement must be established in the ongoing litigation. The judgment clarified that the existence of title in the shares cannot be disputed by the other parties involved, thus affirming the High Court's order.