Shailaja Krishna v. Satori Global Ltd.: Reinforcing NCLT Jurisdiction in Corporate Fraud Disputes
In "Shailaja Krishna v. Satori Global Ltd. (2025)", the Supreme Court set aside the NCLAT's order, reinstating the NCLT's 2018 ruling that restored Shailaja Krishna as majority shareholder and director, finding her 2010 resignation and 98% share transfer via a fraudulent gift deed, procured through coercion and blank signatures, void ab initio under the Companies Act. The Court affirmed NCLT's plenary jurisdiction to investigate fraud in oppression and mismanagement petitions when intrinsic to the dispute, nullifying subsequent board actions. This ruling underscores robust safeguards against mala fide ousters in closely held companies, reinforcing Krishna's control. Case summary is divided into 2 parts. Part A summarises the Judgement of Supreme Court of India and Part B summarises the Order of NCLAT. A. SUPREME COURT OF INDIA Case Brief: Mrs. Shailja Krishna v. Satori Global Limited & Ors. Case Details: Citation: (2025) INSC 1065 Court: Sup...