https://www.taxtmi.com/caselaws?id=101063 The court dismissed the petition under section 155 of the Companies Act for rectification of the register of shareholders due to complex and disputed factual issues regarding ownership of shares and entitlement to bonus shares. Emphasizing the summary nature of section 155 proceedings for swift resolutions in non-controversial matters, the court ruled in favor of the respondent, advising the petitioner to pursue the dispute through a civil suit if desired. The jurisdictional issues and delay in seeking rectification led to the dismissal, highlighting the unsuitability of section 155 for resolving intricate disputes. en-us Wed, 02 Nov 1983 00:00:00 +0530 Wed, 08 Feb 2012 14:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101063 The court dismissed the petition under section 155 of the Companies Act for rectification of the register of shareholders due to complex and disputed factual issues regarding ownership of shares and entitlement to bonus shares. Emphasizing the summary nature of section 155 proceedings for swift resolutions in non-controversial matters, the court ruled in favor of the respondent, advising the petitioner to pursue the dispute through a civil suit if desired. The jurisdictional issues and delay in seeking rectification led to the dismissal, highlighting the unsuitability of section 155 for resolving intricate disputes. Case-Laws Companies Law Wed, 02 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101063