Reviewed case brief
Bajaj Auto Ltd v NK Firodia
AIR 1971 SC 321
AIR 1971 SC 321 · Supreme Court of India
- Court
- Supreme Court of India
- Year
- 1971
- Subjects
- Company Law
- Reviewed
- 2026-08-02
Rule established
The Board of Directors' refusal to register a transfer of shares must be exercised bona fide, in the interest of the company, and within a reasonable time; arbitrary or mala fide refusal is invalid.
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
AIR 1971 SC 321
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.