Notices has been issued by the Supreme Court of India\u00a0on two petitions filed against a Delhi high court verdict allowing transfer of some shares of late Maharani Gayatri Devi to her grandchildren Devraj and Lalitya Kumari. The HC, while reversing a Company Law Board ( CLB) order, had ordered rectification\u00a0of share register of Jai Mahal Hotels Pvt Ltd in which Gayatri Devi held 99% stakes. It had allowed the plea of Devraj and Lalitya that these shares be registered in their names.<\/p>\n
Taking note of petitions of Jai Mahal Hotels Pvt Ltd and Urvashi Devi, a member of the royal family, the SC bench said, \u201cIssue notice on both Special Leave Petitions… The respondents will be entitled to file their respective counter affidavits to the SLPs within two weeks; rejoinder, thereto, if any, may be filed within two weeks thereafter.\u201d<\/p>\n
Jai Mahal Hotels, in its plea, said though the HC admitted various issues of the case, it did not consider its arguments and \u201creversed the well reasoned judgement of the CLB…\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Notices has been issued by the Supreme Court of India\u00a0on two petitions filed against a Delhi high court verdict allowing transfer of some shares of late Maharani Gayatri Devi to her grandchildren Devraj and Lalitya Kumari. The HC, while reversing a Company Law Board ( CLB) order, had ordered rectification\u00a0of share register of Jai Mahal […]<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[85],"tags":[21467,255,19866,21469,21468,4193],"class_list":["post-26844","post","type-post","status-publish","format-standard","hentry","category-corporate-law-news","tag-company-law-board-clb","tag-delhi-high-court","tag-jai-mahal-hotels-pvt-ltd","tag-special-leave-petitions","tag-supreme-court-issues-notices","tag-supreme-court-of-india"],"yoast_head":"\n