https://www.taxtmi.com/caselaws?id=396499 The Supreme Court held that the applications under sections 241 and 242 of the Companies Act, 2013 were not maintainable as they involved inheritance issues that should be resolved in a civil court. The Court emphasized the need for respondent No.1 to establish inheritance rights before pursuing company law proceedings. The nomination under section 72 was deemed to confer absolute ownership to the nominee, pending resolution in a civil suit. The Court directed the proceedings to be dropped until the civil suit determined respondent No.1's shareholding eligibility, maintaining the status quo as per the High Court's order. en-us Mon, 06 Jul 2020 00:00:00 +0530 Tue, 07 Jul 2020 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396499 The Supreme Court held that the applications under sections 241 and 242 of the Companies Act, 2013 were not maintainable as they involved inheritance issues that should be resolved in a civil court. The Court emphasized the need for respondent No.1 to establish inheritance rights before pursuing company law proceedings. The nomination under section 72 was deemed to confer absolute ownership to the nominee, pending resolution in a civil suit. The Court directed the proceedings to be dropped until the civil suit determined respondent No.1's shareholding eligibility, maintaining the status quo as per the High Court's order. Case-Laws Companies Law Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396499