Shailaja Krishna is Satori's majority shareholder: SC

In a judgment delivered on 2 Sep, the court set aside the 2023 order of NCLAT and restored the ruling of NCLT

- Nehal Chaliawala & Neha Joshi

In a decisive judgment, the Supreme Court reinstated Shailaja Krishna as the majority shareholder and executive director of Satori Global Ltd (formerly Sargam Exim Pvt. Ltd), which is engaged in paper trading, overturning her removal orchestrated through invalid board meetings and a questionable transfer of nearly her entire shareholding to her mother-in-law.

On 2 September, the apex court set aside the 2023 order of the National Company Law Appellate Tribunal (NCLAT) and restored the ruling of the National Company Law Tribunal (NCLT).