Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Entitlement to transmission of shares: legal heirs prima facie entitled to transmission where register and annual statements continue to record shares in deceased's name, sustaining maintainability under the statutory scheme and permitting registration of heirs. NCLT jurisdiction to examine transfer instruments: Tribunal may, on a prima facie basis in oppression and mismanagement proceedings, assess validity of gift deeds and related documents integral to the complaint as part of its summary jurisdiction; further factual enquiry reserved. Company duty in dematerialised context: company must process transmission under Articles and prescribed procedure for demat shares and register legal heirs on proper application.
Entitlement to transmission of shares: legal heirs prima facie entitled to transmission where register and annual statements continue to record shares in deceased's name, sustaining maintainability under the statutory scheme and permitting registration of heirs. NCLT jurisdiction to examine transfer instruments: Tribunal may, on a prima facie basis in oppression and mismanagement proceedings, assess validity of gift deeds and related documents integral to the complaint as part of its summary jurisdiction; further factual enquiry reserved. Company duty in dematerialised context: company must process transmission under Articles and prescribed procedure for demat shares and register legal heirs on proper application.
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