Supreme Court overturns NCLAT decision on share transfer: Chalasani Udaya Shankar vs. Lexus Technologies (2024) LEGAL ISSUE: Whether the National Company Law Tribunal (NCLT) can summarily dismiss a petition for rectification of a company’s register of members without proper examination of evidence. CASE TYPE: Company Law Case Name: Chalasani Udaya Shankar and others vs. M/s. […]
Supreme Court Clarifies Rectification Jurisdiction under Section 59 of Companies Act, 2013 Date of the Judgment: January 4, 2023 Citation: (2023) INSC 12 Judges: A.S. Bopanna, J. and Pamidighantam Sri Narasimha, J. Can a company approach the National Company Law Tribunal (NCLT) to rectify its register of members for violations of SEBI regulations? The Supreme
Supreme Court clarifies the scope of Section 59 of the Companies Act, 2013 in share transfer disputes: IFB Agro vs. SICGIL India (2023) Date of the Judgment: January 4, 2023 Citation: 2023 INSC 9 Judges: A.S. Bopanna, J., Pamidighantam Sri Narasimha, J. Can the National Company Law Tribunal (NCLT) use its power to rectify the
