Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
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The National Company Law Appellate Tribunal (NCLAT) held that the National Company Law Tribunal (NCLT) has wide powers under the Companies Act and NCLT Rules, 2016 to inquire into allegations of oppression and mismanagement. The NCLT can examine alleged forgery of documents that purportedly led to changes in directorship and transfer of shares. Sending disputed documents for forensic investigation is part of this inquiry. The NCLT is empowered to adjudicate such issues and give findings based on contentions advanced by counsel and forensic reports. The matter was remanded back to the NCLT for adjudication, with the appeal disposed of by way of remand.
The National Company Law Appellate Tribunal (NCLAT) held that the National Company Law Tribunal (NCLT) has wide powers under the Companies Act and NCLT Rules, 2016 to inquire into allegations of oppression and mismanagement. The NCLT can examine alleged forgery of documents that purportedly led to changes in directorship and transfer of shares. Sending disputed documents for forensic investigation is part of this inquiry. The NCLT is empowered to adjudicate such issues and give findings based on contentions advanced by counsel and forensic reports. The matter was remanded back to the NCLT for adjudication, with the appeal disposed of by way of remand.
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