Supreme Court of India · 2019-10-17
HOOGHLY MILLS COMPANY LTD vs THE STATE OF WEST BENGAL
- Citation / case number
- SC 2017/38446
- Court
- Supreme Court of India
- Petitioner
- HOOGHLY MILLS COMPANY LTD
- Respondent
- THE STATE OF WEST BENGAL
- Author
- HON'BLE MR. JUSTICE MOHAN M. SHANTANAGOUDAR
- Bench
- HON'BLE MR. JUSTICE AJAY RASTOGI HON'BLE MR. JUSTICE MOHAN M. SHANTANAGOUDAR
Judgment text excerpt
The Supreme Court addressed the appeal concerning the validity of an agreement for the sale of property and the subsequent possession rights of the appellant company. The court examined the legal implications of the agreement under the Companies Act, 1956, and the rights of the director in relation to the property. Ultimately, the court upheld the High Court's decision, reinforcing the contractual obligations and possession rights as per the agreement.