{"id":270589,"date":"2009-01-23T00:00:00","date_gmt":"2009-01-22T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/dynasty-stock-holdings-private-vs-nil-on-23-january-2009"},"modified":"2015-07-30T08:33:25","modified_gmt":"2015-07-30T03:03:25","slug":"dynasty-stock-holdings-private-vs-nil-on-23-january-2009","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/dynasty-stock-holdings-private-vs-nil-on-23-january-2009","title":{"rendered":"Dynasty Stock Holdings Private … vs Nil on 23 January, 2009"},"content":{"rendered":"
Karnataka High Court<\/div>\n
Dynasty Stock Holdings Private … vs Nil on 23 January, 2009<\/div>\n
Author: Mohan Shantanagoudar<\/div>\n

of th\u00e9\u00ab..C\u00bbof;i1pan’ies Act, 1955, mad with Ruics 6 345 9 of<\/p>\n

‘ r\u00e9a\u00a3i\u00a7;i\u00a31s”‘ stateti “ih\u00e9x’ein this Honhk: Cour: may be pleased<\/p>\n

V _ that ‘t1”;\u20ac~m\u20ac\u20ac’\u00a3.i:1g cf the Equity Shamholders sf the Applicant<\/p>\n

. Sec\ufb01on 391 of the Companies Act<\/a>, 1956, be
\n “<1"i;'3p\u20ac't1:3\u20ac:ci\u00a7 with if consicicred fit, at eaihczwisc, mat it 133
\n <::i0iI2$i<:;ne,(i..7an\u00a3i h\ufb01ki far the pxirpzyscs of ctensidering, amt} if
\n '*chA0u'g.ht \ufb01t, approving with or wi\ufb01mut modi\ufb01catign the<\/p>\n

. 3 .\n<\/p>\n

IN THE HIGH mum 0? KARNATAKA AT BANGALGRE
\nz>ATes mzs ‘ms 23″‘ DAV OF JANUARY,
\n35:-“025 A
\nTHE HONBLE MRJU 571:5 MO%iAN—.SH;\u00e94\u00a7’%lW4I’\u00e9}Ag’:\u00a7Cvt}I}AR.A & ”
\ncampmv APPLICA’fT\u20ac}N1’\u00a74\u20ac}.38{2U{}9 %
\nBETW BEN: 2 <\/p>\n

3391;515:153′ Stock H0k1i.I1g5*: u V . . V. ‘ .’<\/p>\n

Private Li:t_nited, V1″ ”\n<\/p>\n

Embassy Poizxt’ ” 5<\/p>\n

150, mfanuy Rqad, – V % _ ‘ –\n<\/p>\n

Ba1Lga}ors~S50 001. . . V ….A1:3p1i<:am
\n(By Sr; Muaii &_vCo., Ad\u00a7?S+-v.\u00bb}.\n<\/p>\n

Nil L’ _ ~ ,.R\u20ac~:sp:3nden{
\n‘j_ajg3plicati\u00a33n is \ufb01kis\u00e9 nn\u00e9ar Sections 391<\/p>\n

C\u00e9ssmpmiies ‘({.3ourt} Rules, 195?, praying that far the<\/p>\n

This R\ufb01gistemd Office 1):” ma applicant\u00abco111pa:1y is
\nsituated at 1 F100;’, Embassy Point 150, Read,<\/p>\n

Baxigaiezar\ufb01-568 00 1.\n<\/p>\n

2. T116 objects of the ‘ <\/p>\n

set: out in the M\u20ac:mrandum: of \u00a7:33Ucia{i{:\u00a7n~,_ tie’:<\/p>\n

acquire iand, bu\ufb02ding _0th\u00e9i*..i’\u00a7i;.movaI?i1a’A’ %\u00bb<\/p>\n

by purchase, Lease 01″ 0tIf3\u20ac:$’xI.*iSe, i3.t1ti* -is *\u00a7{2nstr*e1ci:<\/p>\n

_ re\ufb01identia} apartrnerits, c_t\u00a7:3:3,I\u00a7:t:;i;:iQE~–..b11i1dii1gs, she-113$,<\/p>\n

affices, goduwns, \u00abuther abed<\/p>\n

* (if Gammon utility far
\n3316 \ufb01r’ anti aliaiment aI1d\/ or<\/p>\n

gen.r\u00a7.’.aBy\u00b0 “t0; of use, expioitatioxi sand<\/p>\n

– :::*3j:i\u00a7,::rit3I1i;.. a\u00bbf s\ufb01j\u00e9\u00e9\ufb01 structures sad \/ {“21” {ha structums<\/p>\n

f\ufb01\ufb01\u00e9f\u00e9 {sf fh\u00e9 cumpany or in any \ufb01ih\ufb01f<\/p>\n

‘\u20ac::?VL’3iso~\u00a7ciy Cermrate, etc.<\/p>\n

AA VT 3. The authurizaed share capiia} {if the appii\u20ac:.a12t–<\/p>\n

i:\u20acsmp:a:(1\u00a7; is Rs.2{),Q{},(}G8\/~ censisting cf 2,0{),0G8<\/p>\n

M V<\/p>\n

Accountant, in that regard is pmduced at
\nAm1\u20ac:xu;*e—XX’s\/I in the application.<\/p>\n

In respeet of the ‘u:1sc:cure‘::1c1_ m\u00e9zease in<\/p>\n

pursuanca of the S<i'i'1F;:1i\u00a7.; T'i"%\u20ac: . Si:heme dees 1151:<\/p>\n

envisag\u00e9' (\u00a7f.\u00a7I\u20ac':\u00e9 of #1316: unsecured trade<\/p>\n

{3f\u20ac(iif{}I'S.\u00ab. V<\/p>\n

, '31": viev\u00e9" 9f the same, the meatings of the saquity<\/p>\n

\u00bb :Sh\u00a7ciI"\ufb01hf$'.i{\u00a3\u20acf'S __ and urisemwa\ufb01 trade CI"\u20acfii?.OI'S of 31%<\/p>\n

H are dispensed with.\n<\/p>\n

” T53 meeting cf the u\ufb02sectwed loan creditars Shed}<\/p>\n

on 2.3.2009 at 11.08 a.m., at Embassy; Point,<\/p>\n

% = 150, infantty Raazi, Ba\u00a71gaI0I*e~56G {)0}.<\/p>\n

gm<\/p>\n

Tim maeiing shall be cimim\ufb01 by<\/p>\n

Mr.P.R.RaIna}\u00a7’ishnan, Cliiai” Firxanciai Cli\ufb01car, Vs:1Vn;t”\u00bb..f’;’I\u00a71._VfLi’1e<\/p>\n

aitamative, Mr.Sand<:\u20ac:p Sub;'amanya, G\ufb01neif\u00e9il' '}.\u00e9{:\u00a2111:2a'g_;e"1"%_<\/p>\n

— Cerperaie Finance. Individual \u00a31-:3ti<,*6:=s":sh:-i}'_'.. he. 1':-;$1_:;e::'i'~ . <\/p>\n

to unsecured ioan cr&di'3:03*:-:2. PiE1}}\u20ac?-,""@i1\u00a7};?;(}a\u20aci{)Z"1 S:f'iE;H<\/p>\n

taken out in this r\ufb01gard \u00ab-..f\u00a7'h\u20ac"}+I'\u00a7i1d.u'.<\/p>\n

Prabha’ daiiy rnewspapers The<\/p>\n

qtzamm is \ufb01xed at 3\/*=’%;%3’3j\u20ac}f”.”;31*\u00e9\u00a7?:’ <\/p>\n

Sd\/..\n<\/p>\n

,-=<\/p>\n

Iudg\ufb01g<\/p>\n","protected":false},"excerpt":{"rendered":"

Karnataka High Court Dynasty Stock Holdings Private … vs Nil on 23 January, 2009 Author: Mohan Shantanagoudar of th\u00e9\u00ab..C\u00bbof;i1pan’ies Act, 1955, mad with Ruics 6 345 9 of ‘ r\u00e9a\u00a3i\u00a7;i\u00a31s”‘ stateti “ih\u00e9x’ein this Honhk: Cour: may be pleased V _ that ‘t1”;\u20ac~m\u20ac\u20ac’\u00a3.i:1g cf the Equity Shamholders sf the Applicant . Sec\ufb01on 391 of the Companies […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-270589","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"\nDynasty Stock Holdings Private ... vs Nil on 23 January, 2009 - Free Judgements of Supreme Court & High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/dynasty-stock-holdings-private-vs-nil-on-23-january-2009\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dynasty Stock Holdings Private ... vs Nil on 23 January, 2009 - 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