https://www.taxtmi.com/caselaws?id=97156 Claims for consolidated relief were rejected because plaintiffs' claims lack the necessary commonality for joinder and for a representative suit: differing application/allotment dates, payments, transfers and potential laches or waiver require individual factual inquiries, so joinder and representative relief under Order 1, rule 8 are inappropriate. Separately, statutory non compliance concerning prospectus and statements in lieu does not automatically void contracts; the statutory scheme treats defective allotments as voidable and subject to timely avoidance and contextual factors such as winding up. The operative effect is that class wide rescission or rectification cannot be granted without individualised proof and timely exercise of avoidance rights. en-us Tue, 28 Aug 1951 00:00:00 +0530 Sat, 14 Jan 2012 12:14:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97156 Claims for consolidated relief were rejected because plaintiffs' claims lack the necessary commonality for joinder and for a representative suit: differing application/allotment dates, payments, transfers and potential laches or waiver require individual factual inquiries, so joinder and representative relief under Order 1, rule 8 are inappropriate. Separately, statutory non compliance concerning prospectus and statements in lieu does not automatically void contracts; the statutory scheme treats defective allotments as voidable and subject to timely avoidance and contextual factors such as winding up. The operative effect is that class wide rescission or rectification cannot be granted without individualised proof and timely exercise of avoidance rights. Case-Laws Companies Law Tue, 28 Aug 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97156