https://www.taxtmi.com/caselaws?id=375344 The Madras High Court reversed the Company Law Board's decision, directing the appellants to pursue remedy before the National Company Law Tribunal (NCLT) under the Companies Act, 2013. The court emphasized the NCLT's exclusive jurisdiction under Section 430 of the Companies Act, 2013, barring civil courts from entertaining such matters. The appellants were granted a two-month window to file a fresh petition before the NCLT. The judgment underscores the necessity of aligning with legal amendments and choosing the correct forum for dispute resolution, despite the timing of the cause of action. en-us Tue, 08 Jan 2019 00:00:00 +0530 Mon, 04 Jul 2022 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375344 The Madras High Court reversed the Company Law Board's decision, directing the appellants to pursue remedy before the National Company Law Tribunal (NCLT) under the Companies Act, 2013. The court emphasized the NCLT's exclusive jurisdiction under Section 430 of the Companies Act, 2013, barring civil courts from entertaining such matters. The appellants were granted a two-month window to file a fresh petition before the NCLT. The judgment underscores the necessity of aligning with legal amendments and choosing the correct forum for dispute resolution, despite the timing of the cause of action. Case-Laws Companies Law Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375344