SHANTI PAROLIA . vs M/S. MODERN METAL INDUSTRIES . — SLP(C) No. 8621/2004

Case Summary: SLP(C) No. 008621/2004 On 18/07/2005, the Supreme Court heard Shanti Parolia's appeal against the High Court of Allahabad's order of 17/02/2004 regarding M/S. Modern Metal Industries. The Court upheld the High Court's decision but modified its restraint on petitioners interfering with management: respondent must provide stock statements and quarterly accounts to petitioners for verification only, without any management interference. If discrepancies are found, petitioners may approach an appropriate forum. The petition was disposed of, with the arbitrator free to decide the underlying dispute uninhibited by High Court observations. This case analysis is maintained by casestatus.in based on publicly available court records.