https://www.taxtmi.com/caselaws?id=345907 A statutory rectification petition over disputed share transfers was found barred by delay and laches because the petitioners knew of the transfers years earlier, had relevant records, and still filed without seeking condonation or showing sufficient cause. The prescribed limitation under Section 111A(3) of the Companies Act, 1956 was treated as not complied with. The petition was also held not maintainable for non-joinder of necessary parties, and the allegation that consideration had not been paid was treated as a separate civil dispute. The company petition and connected application were dismissed and interim orders vacated. en-us Wed, 19 Apr 2017 00:00:00 +0530 Mon, 31 Jul 2017 08:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345907 A statutory rectification petition over disputed share transfers was found barred by delay and laches because the petitioners knew of the transfers years earlier, had relevant records, and still filed without seeking condonation or showing sufficient cause. The prescribed limitation under Section 111A(3) of the Companies Act, 1956 was treated as not complied with. The petition was also held not maintainable for non-joinder of necessary parties, and the allegation that consideration had not been paid was treated as a separate civil dispute. The company petition and connected application were dismissed and interim orders vacated. Case-Laws Companies Law Wed, 19 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345907