https://www.taxtmi.com/caselaws?id=372667 The Tribunal dismissed the petition under sections 46 and 56 of the Companies Act, 2013, regarding lost share certificates and issuance of duplicate certificates. It found that the petitioner's claims of lost shares were false, and the respondent's retention of the shares as security for a loan was justified. The decision emphasized the importance of honoring pledges and the need for proper legal documentation in financial transactions. The Tribunal concluded that the relief sought exceeded the Companies Act's scope and required adjudication in a pending suit for recovery. en-us Thu, 10 May 2018 00:00:00 +0530 Thu, 27 Dec 2018 16:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372667 The Tribunal dismissed the petition under sections 46 and 56 of the Companies Act, 2013, regarding lost share certificates and issuance of duplicate certificates. It found that the petitioner's claims of lost shares were false, and the respondent's retention of the shares as security for a loan was justified. The decision emphasized the importance of honoring pledges and the need for proper legal documentation in financial transactions. The Tribunal concluded that the relief sought exceeded the Companies Act's scope and required adjudication in a pending suit for recovery. Case-Laws Companies Law Thu, 10 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372667