Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
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Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
NCLAT dismissed appeal filed by preference shareholder challenging proceedings under Section 55(3) of Companies Act, 2013. Tribunal held that preference shareholders, being mere investors, lack individually enforceable statutory rights and have no locus standi to approach NCLT or file appeals under Section 421. Relying on Clarion Health Food LLP precedent, NCLAT ruled shareholders are not "aggrieved parties" under the Code and cannot maintain such proceedings. The adjudicating authority's findings contained no legal vices warranting appellate interference. Appeal was dismissed as non-maintainable due to appellant's lack of sustainable and legally enforceable rights in capacity as preference shareholder.
NCLAT dismissed appeal filed by preference shareholder challenging proceedings under Section 55(3) of Companies Act, 2013. Tribunal held that preference shareholders, being mere investors, lack individually enforceable statutory rights and have no locus standi to approach NCLT or file appeals under Section 421. Relying on Clarion Health Food LLP precedent, NCLAT ruled shareholders are not "aggrieved parties" under the Code and cannot maintain such proceedings. The adjudicating authority's findings contained no legal vices warranting appellate interference. Appeal was dismissed as non-maintainable due to appellant's lack of sustainable and legally enforceable rights in capacity as preference shareholder.
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