Companies (Amendment) Act, 1960

The appeal concerned a minority shareholder of Gharda Chemicals Ltd., a company that started as a private firm but became a public (hybrid) company under Section 43A of the Companies Act, 1956. The Articles of Association contained Article 57, a pre‑emption clause restricting share transfers, which the appellant claime…

Sudarsan Chits (India) Ltd. was ordered to be wound up under the Companies Act, 1956, but the High Court held the winding‑up order in abeyance while a scheme of compromise was being implemented. The company sought a direction that the provisional liquidator file claim petitions under section 446(2)(b) to recover debts …

The Supreme Court considered appeals against a Karnataka High Court decision on the effect of Section 458A of the Companies Act, 1956 on limitation periods in winding‑up proceedings. The issue was whether the provision extends the limitation period for filing claims and, more importantly, whether a claim that was alrea…