PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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NCLAT held that the dismissal of the oppression and mismanagement petition filed by R/Petitioner against R1 Company and other respondents has attained finality, as no appeal or cross-appeal was filed by R/Petitioner against the order dated 28.11.2023 of the NCLT. Consequently, all substantive reliefs sought, including cancellation and transfer of shares, rectification of the members' register, declarations on directorship, return of documents, removal of a nominee director, and invalidation of board resolutions, stand rejected in toto. NCLAT clarified that any adverse or stray findings in the NCLT judgment, impugned by the Appellant/Respondent, are confined to that adjudication, merge with the dismissal of the company petition, and cannot be invoked in collateral proceedings, including contempt. The company appeal was accordingly closed.
NCLAT held that the dismissal of the oppression and mismanagement petition filed by R/Petitioner against R1 Company and other respondents has attained finality, as no appeal or cross-appeal was filed by R/Petitioner against the order dated 28.11.2023 of the NCLT. Consequently, all substantive reliefs sought, including cancellation and transfer of shares, rectification of the members' register, declarations on directorship, return of documents, removal of a nominee director, and invalidation of board resolutions, stand rejected in toto. NCLAT clarified that any adverse or stray findings in the NCLT judgment, impugned by the Appellant/Respondent, are confined to that adjudication, merge with the dismissal of the company petition, and cannot be invoked in collateral proceedings, including contempt. The company appeal was accordingly closed.
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