Supreme Court of India · 2021-02-23
VINOD KRISHAN KHANNA vs AMRITSAR SWADESHI WOOLLEN MILLS PRIVATE LIMITED
- Citation / case number
- SC 2019/20520
- Court
- Supreme Court of India
- Petitioner
- VINOD KRISHAN KHANNA
- Respondent
- AMRITSAR SWADESHI WOOLLEN MILLS PRIVATE LIMITED
- Author
- R.F. Nariman
- Bench
- HON'BLE MR. JUSTICE B.R. GAVAI HON'BLE MR. JUSTICE ROHINTON FALI NARIMAN
Judgment text excerpt
The Supreme Court addressed appeals concerning a Company Petition filed under sections 397 and 398 of the Companies Act, 1956. The court examined the valuation of shares determined by the National Company Law Tribunal (NCLT) and upheld the NCLT's order directing the appellants to sell their shares at the valued price. The judgment reaffirmed the procedural integrity of the valuation process and the authority of the NCLT in such matters.