https://www.taxtmi.com/caselaws?id=371193 Section 14(1) of the Limitation Act applies only where the earlier and later proceedings concern the same matter in issue and the earlier proceeding failed for defect of jurisdiction or a similar cause; where the two proceedings rest on different causes of action and the earlier matter does not meet those conditions, exclusion of time is unavailable. A time-bound inter se shareholding arrangement cannot be treated as a perpetual restraint on share acquisition or transfer unless an express restriction exists in the articles or governing law. Oral understandings cannot vary a written agreement, and alleged non-disclosure does not by itself create an enforceable cause of action on the pleaded facts. en-us Mon, 15 Oct 2018 00:00:00 +0530 Thu, 29 Nov 2018 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371193 Section 14(1) of the Limitation Act applies only where the earlier and later proceedings concern the same matter in issue and the earlier proceeding failed for defect of jurisdiction or a similar cause; where the two proceedings rest on different causes of action and the earlier matter does not meet those conditions, exclusion of time is unavailable. A time-bound inter se shareholding arrangement cannot be treated as a perpetual restraint on share acquisition or transfer unless an express restriction exists in the articles or governing law. Oral understandings cannot vary a written agreement, and alleged non-disclosure does not by itself create an enforceable cause of action on the pleaded facts. Case-Laws Companies Law Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371193