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SC: DISPUTES AS TO INHERITANCE OF SHARES CANNOT BE DECIDED IN PROCEEDINGS U/s 241/242 OF COMPANIES ACT, 2013

The Supreme Court has observed that a dispute as to inheritance of shares cannot be decided in proceedings under section 241/242 of the Companies Act, 2013. This case pertains to a dispute of oppression and mismanagement in M/s. Oswal Agro Mills Ltd. a company managed by a family. A family member cum shareholder filed the petition against other family members/shareholders in the company .

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.