Authority: Supreme Court of India

Order Date: 21-09-2026

Case Overview

  • Petition: Special Leave Petition (Civil) Diary No. 30858/2026 filed by Sokhi Engineering Company Pvt. Ltd. & Ors against Baldev Singh & Ors.
  • Origin: Impugned final judgment and order dated 16-01-2026 in CA No.1/2014 of the High Court of Jharkhand, Ranchi, concerning alleged illegal transfer of shares.
  • Lower findings: Both the Company Law Board and the High Court held that the share transfer contravened the Articles of Association.
  • Counsel: Petitioners were represented by a team of advocates including Saurav Agarwal, Rajarshi Dutta, etc.; respondents by counsel including Mainak Bose, Neeraj Kumar Pandey, etc.

Observations & Directions

1. The Court condoned the delay in filing the Special Leave Petition.

2. Recognising that the share transfer was unquestionably in violation of the Articles of Association, the Court found no merit to interfere with the earlier order.

3. Directions were issued to the transferor to refund the amount received from the transferee, although the specific amount was not disclosed.

4. The Special Leave Petition is dismissed.

5. Any pending applications, if any, shall stand disposed of.

Final Outcome

  • The petition is dismissed; the transferor must refund the consideration to the transferee; all pending applications are disposed.

Topics: Share Transfer Dispute, Company Law