Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Expiry of director's term in company dispute, appeal disposed with direction to decide pending petition on merits quickly</h1> The dominant issue was whether the expiry of a director's term warranted adjudication by the SC on the merits of the company dispute. The SC held that it ... Expiry of term of directorship of the concerned Director - HELD THAT:- It is not necessary to consider the case on merits. Consequently, this Civil Appeal is disposed off by directing the National Company Law Tribunal (NCLT) to consider the company petition on merits as expeditiously as possible. Appeal disposed off. Issues: Whether the Civil Appeal should be decided on merits by this Court or whether the matter should be directed to the National Company Law Tribunal (NCLT) to decide the company petition on merits.Analysis: The Court noted that the term of directorship concerned had expired and therefore did not consider it necessary to decide the appeal on merits. The Court considered procedural appropriateness of directing the matter to the NCLT for adjudication on merits and addressed interim reliefs and procedural directions to facilitate expeditious consideration by the NCLT.Conclusion: The Civil Appeal is disposed of by directing the National Company Law Tribunal to consider the company petition on merits expeditiously; the Supreme Court has not expressed any view on the merits and left all contentions open for consideration by the NCLT, with liberty for parties to seek interim or final orders before the NCLT.