Case List: Articles of Association vs. Shareholders Agreements – Which one prevails?

Case List: Articles of Association vs. Shareholders Agreements – Which one prevails?

ByVivek Kumar Verma

Section 36 of the Companies Act, 1956 makes the Memorandum and Articles of Company, when registered, binding not only on the company but also the members inter-se to the same extent as if they had been signed by the company and by each member and covenanted to by the company and each shareholder to observe…

State of Haryana and Ors. vs. Navir Singh and Anr.

ByVivek Kumar Verma

State of Haryana and Ors. vs. Navir Singh and Anr. AND State of Punjab and Ors. vs. Pagro Foods Ltd. and Ors. Before: Supreme Court of India Date of Judgment: October 7, 2013 Facts: The facts in both the cases being similar, these cases were heard jointly by the Court. Punjab National Bank (“PNB”) sanctioned…