https://www.taxtmi.com/caselaws?id=277551 The National Company Law Tribunal concluded that the transfer of shares was fraudulent and sham, dismissing the appeal challenging this finding. Despite arguments based on annual returns, the lack of evidence and necessary documents from the respondents raised doubts about the legitimacy of the transfer. The burden of proof was on the respondents, who failed to provide adequate substantiation. The delay in challenging the transfer and the absence of crucial documents led to the dismissal of the appeal, emphasizing the importance of timely action and proper evidence in such cases. en-us Mon, 17 Apr 2017 00:00:00 +0530 Sun, 09 Dec 2018 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277551 The National Company Law Tribunal concluded that the transfer of shares was fraudulent and sham, dismissing the appeal challenging this finding. Despite arguments based on annual returns, the lack of evidence and necessary documents from the respondents raised doubts about the legitimacy of the transfer. The burden of proof was on the respondents, who failed to provide adequate substantiation. The delay in challenging the transfer and the absence of crucial documents led to the dismissal of the appeal, emphasizing the importance of timely action and proper evidence in such cases. Case-Laws Companies Law Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277551