M/S .RISHYASHRINGA JEWELLERY LTD. . vs THE STOCK EXCHANGE BOMBAY . — C.A. No. 9723/1995

Case under Section III. Status: Disposed.

Disposed

CNR: SCIN010055601995

Filing Date

03-Apr-1995

Registration No

C.A. No. 9723/1995

Diary Number

5560/1995

Order Date

31-Oct-1995

Document Type

Judgment - of Main Case

Disposal Type

Dismissed

Last updated 02-Jun-2026

Acts & Sections

Section III

Petitioner(s)

  1. 1.M/S .RISHYASHRINGA JEWELLERY LTD. .

    Adv. BINA GUPTA

Respondent(s)

  1. 1.THE STOCK EXCHANGE BOMBAY .

Case History

  1. Case disposedDisposed

  2. 31-Oct-1995

    Judgment - of Main CaseView PDF

  3. 03-Apr-1995

    Case filed

    Registration No. C.A. No. 9723/1995

View Full Judgment
casestatus.in Summary

Summary The Supreme Court dismissed Rishyashringa Jewellery Ltd.'s appeal, holding that under Section 73(1A) of the Companies Act, 1956, the word "each" means permission must be granted by all stock exchanges named in a prospectus for share listing. Since the company's application was rejected by the Bombay Stock Exchange (despite approvals from Coimbatore and Madras exchanges), the entire share allotment was rendered void, as the legislative intent was to require compliance with all named exchanges to protect investor interests. This case analysis is maintained by casestatus.in based on publicly available court records.

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