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Issues: Whether the order of the President of the National Company Law Tribunal rejecting the transfer application calling for transfer of the pending company matters from the Amravati Bench to the Hyderabad Bench required interference.
Analysis: The transfer request was founded on the allegation that, during subsequent hearing, a member of the Tribunal had indicated that the interim stay order might be vacated. Such a basis was found insufficient to justify transfer of proceedings. The reasoning treats the application as lacking a legitimate foundation and characterises it as an attempt to browbeat the Tribunal. On that footing, the President of the National Company Law Tribunal was justified in treating the transfer request as liable to be dismissed, even if on a different ground.
Conclusion: No interference was called for with the order rejecting the transfer application; the challenge failed.