https://www.taxtmi.com/caselaws?id=371852 The NCLT dismissed the appellant's petition, upholding the validity of the pledge of shares as security for a loan guarantee. The appellant's request for duplicate share certificates was denied due to false claims of loss. Allegations of theft by the appellant were rejected, with the tribunal finding the appellant had concealed material facts. The NCLT ruled that the appellant failed to establish a case under Sections 46 and 56 of the Companies Act, 2013, and ordered the appellant to pay costs to Respondent No.1. en-us Mon, 29 Oct 2018 00:00:00 +0530 Wed, 26 Dec 2018 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371852 The NCLT dismissed the appellant's petition, upholding the validity of the pledge of shares as security for a loan guarantee. The appellant's request for duplicate share certificates was denied due to false claims of loss. Allegations of theft by the appellant were rejected, with the tribunal finding the appellant had concealed material facts. The NCLT ruled that the appellant failed to establish a case under Sections 46 and 56 of the Companies Act, 2013, and ordered the appellant to pay costs to Respondent No.1. Case-Laws Companies Law Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371852