Substantial questions of law on excess stock ownership and Tribunal perversity led to admission of the appeal and notice

The Gujarat High Court admitted the appeal and directed notice to the respondent on substantial questions of law concerning ownership of excess stock, the adequacy of reasons for reversing the first appellate authority, and alleged perversity in the Tribunal's decision. The operative effect was that these issues were treated as arguable questions warranting appellate consideration and response from the opposing party.

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Issues: Whether the appeal should be admitted and notice issued on the substantial questions of law concerning ownership of excess stock, adequacy of reasons while reversing the order of the first appellate authority, and alleged perversity in the Tribunal's decision.

Outcome: The appeal was admitted and notice was directed to be issued to the respondent on the substantial questions of law.

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