https://www.taxtmi.com/caselaws?id=104426 The appeal against the dismissal of a company petition under sections 397 and 398 of the Companies Act, 1956, due to a dispute over share transfer validity was successful. The single Judge's ruling that the dispute fell outside the scope of sections 397 and 398 was overturned. The judgment emphasized the importance of determining the appellants' valid membership in the company and highlighted the burden of proof on the respondents to establish the invalidity of share transfers. Ultimately, the impugned judgment was set aside, and the appeal was allowed with costs awarded to the appellants, concluding the legal proceedings. en-us Thu, 26 Nov 1998 00:00:00 +0530 Wed, 29 Feb 2012 10:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104426 The appeal against the dismissal of a company petition under sections 397 and 398 of the Companies Act, 1956, due to a dispute over share transfer validity was successful. The single Judge's ruling that the dispute fell outside the scope of sections 397 and 398 was overturned. The judgment emphasized the importance of determining the appellants' valid membership in the company and highlighted the burden of proof on the respondents to establish the invalidity of share transfers. Ultimately, the impugned judgment was set aside, and the appeal was allowed with costs awarded to the appellants, concluding the legal proceedings. Case-Laws Companies Law Thu, 26 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104426