The Division Bench of the Bombay High Court by an Order dated December 1, 2016 reaffirmed the view taken by the single judge of the Bombay High Court in the Salgaonkar Vs. Salgaonkar  (“Salgaonkar Case”), that the rights of the successors prevail over that of the nominee in connection with the shares of a company.
The Division Bench of Justice Oak . . .
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