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Supreme Court of India 2020-06-23 disposed

Shakti Nath & Ors vs Alpha Tiger Cyprus Investment No.3 Ltd. & Ors

Bench: 2 — <UNKNOWN>, <UNKNOWN>

In Brief

In a share acquisition dispute, the Supreme Court directed the parties to execute a share purchase agreement within a specified period. The Court required both appellants and respondents to provide warranties confirming their shareholdings and that no third-party rights existed over the shares. Certified board resolutions authorizing signatories to execute the agreement were mandated. The compensation amount was to be deposited by the appellants and released to respondents through authorized representatives, with the Court's Registry retaining the deposited funds pending further orders.

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Contract Law Specific Performance Share Acquisition Equity Civil Procedure

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