https://www.taxtmi.com/caselaws?id=372354 The Delhi High Court held that jurisdiction to adjudicate the disputes regarding share allotment and board resolution vests with the National Company Law Tribunal (NCLT) under the Companies Act, 2013. The Court concluded that the Civil Court lacks jurisdiction, as the NCLT has exclusive authority to rectify share allotments and regulate company affairs. The Plaintiff's suit was rejected, with liberty to approach the NCLT, and pending applications were disposed of accordingly. The interim order was extended for four weeks for the Plaintiff to seek relief from the NCLT. en-us Tue, 16 Oct 2018 00:00:00 +0530 Thu, 17 Jan 2019 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372354 The Delhi High Court held that jurisdiction to adjudicate the disputes regarding share allotment and board resolution vests with the National Company Law Tribunal (NCLT) under the Companies Act, 2013. The Court concluded that the Civil Court lacks jurisdiction, as the NCLT has exclusive authority to rectify share allotments and regulate company affairs. The Plaintiff's suit was rejected, with liberty to approach the NCLT, and pending applications were disposed of accordingly. The interim order was extended for four weeks for the Plaintiff to seek relief from the NCLT. Case-Laws Companies Law Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372354