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    <title>2017 (7) TMI 147 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABAD</title>
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    <description>Where entitlement to shares is seriously disputed and a rival claimant has already pursued civil proceedings, the Tribunal cannot use Sections 56, 58 or 59 of the Companies Act, 2013 to order issuance of duplicate share certificates or to decide title in summary company jurisdiction. Section 58 concerns refusal of transfer and Section 59 concerns rectification of the register, neither of which covered the controversy. Because the petition raised a contested question of ownership requiring determination of title, the proper forum was the civil court. The petition was therefore not maintainable before the Tribunal, and the ancillary request against Respondent No. 2 did not survive independently.</description>
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    <pubDate>Wed, 26 Apr 2017 00:00:00 +0530</pubDate>
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      <title>2017 (7) TMI 147 - NATIONAL COMPANY LAW TRIBUNAL, AHMEDABAD</title>
      <link>https://www.taxtmi.com/caselaws?id=345035</link>
      <description>Where entitlement to shares is seriously disputed and a rival claimant has already pursued civil proceedings, the Tribunal cannot use Sections 56, 58 or 59 of the Companies Act, 2013 to order issuance of duplicate share certificates or to decide title in summary company jurisdiction. Section 58 concerns refusal of transfer and Section 59 concerns rectification of the register, neither of which covered the controversy. Because the petition raised a contested question of ownership requiring determination of title, the proper forum was the civil court. The petition was therefore not maintainable before the Tribunal, and the ancillary request against Respondent No. 2 did not survive independently.</description>
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      <pubDate>Wed, 26 Apr 2017 00:00:00 +0530</pubDate>
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