DR. RAJESHW AR KUMAR MALHOTRA AND ANR. ETC. versus MIS LLOYD ELECTRIC ENGINEERING LTD. AND ORS.
No injunction can be granted against the company as the individuals in question have resigned and do not continue in the company, with shareholdings in various groups being different and varied.
- Parties
- Appellant: Dr. Rajeshwar Kumar Malhotra; Appellant: S. Srinivasan; Appellant: Lloyd Electric Engineering Ltd.; Respondent: Mis Lloyd Electric Engineering Ltd.; Respondent: Others
- Jurisdiction
- India
- Judgment Date
- 20 December 1996
- Procedural Posture
- Civil Appeal / Appeal From Order of Rajasthan High Court in Revision Petition No. 715 of 1996
- Outcome
- Appeals allowed
- Legal Topics
- Resignation of Company Directors, Variation of Shareholding Groups, Grant and Dissolution of Injunctions
Case Brief
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Parties
Dr. Rajeshwar Kumar Malhotra
Appellant
S. Srinivasan
Appellant
Lloyd Electric Engineering Ltd.
Appellant
Mis Lloyd Electric Engineering Ltd.
Respondent
Others
Respondent
Procedural Posture
Civil Appeal / Appeal From Order of Rajasthan High Court in Revision Petition No. 715 of 1996
Legal Issues
- 1 Whether injunction can be granted against the company after two individuals resigned from their posts
- 2 Effect of changes in shareholding and employment status on prior injunctions
Ratio Decidendi
No injunction can be granted against the company as the individuals in question have resigned and do not continue in the company, with shareholdings in various groups being different and varied.
Court Disposition
Appeals allowed
Orders
- Injunction order against the company dissolved
- Respondents at liberty to seek relief in trial Court if facts change
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment