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ARTICLE · 28 MAY 2024

Between The Lines - May 2024

Vaish Associates Advocates
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In the matter of Delhi Metro Rail Corporation Limited v. Delhi Airport Metro Express Private Limited [Curative Petition (C) Nos. 108-109 of 2022], decided on April 10, 2024...

IndiaCorporate/Commercial Law
Navya Shukla
Navya Shukla
Prerna Mayea
Prerna Mayea
Pritika Shetty
Pritika Shetty
Rishabh Chandra
Rishabh Chandra
Saksham Kumar
Saksham Kumar
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KEY HIGHLIGHTS

  • Supreme Court allows curative petition against an arbitral award.
  • Delhi High Court: Shares registered in favor of the pledgee as the 'beneficial owner' does not amount to sale of shares.
  • Supreme Court: Stamp duty not applicable on every individual increase in the authorised share capital once the cap amount is paid.
  • Supreme Court: The payment of unearned increase in value payable to the lessor, post a merger or amalgamation of companies upheld.

I. Supreme Court allows curative petition against an arbitral award.

In the matter of Delhi Metro Rail Corporation Limited v. Delhi Airport Metro Express Private Limited [Curative Petition (C) Nos. 108-109 of 2022], decided on April 10, 2024, the Supreme Court ("SC") bench allowed a curative petition filed by Delhi Metro Rail Corporation Limited ("Petitioner" / "DMRC") and held that the SC previously erred in interfering with the judgment pronounced by the Division Bench of High Court of

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The content of this article is intended to provide a general guide to the subject matter. Specialist professional advice should be sought about your specific circumstances. The views expressed in this article are solely of the authors of this article.

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