https://www.taxtmi.com/caselaws?id=401449 The Tribunal rejected the rectification application in a case involving a dispute over the restoration of shareholding and alignment with company regulations. The respondents argued that the rectification sought was beyond the scope of NCLT Rules and Companies Act provisions, emphasizing the absence of clerical errors. The Tribunal clarified its limited power to correct mistakes and not revisit decisions, ultimately dismissing the application as it did not meet the criteria for rectification under Rule 154 of NCLT Rules. en-us Thu, 20 Aug 2020 00:00:00 +0530 Tue, 08 Dec 2020 11:03:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401449 The Tribunal rejected the rectification application in a case involving a dispute over the restoration of shareholding and alignment with company regulations. The respondents argued that the rectification sought was beyond the scope of NCLT Rules and Companies Act provisions, emphasizing the absence of clerical errors. The Tribunal clarified its limited power to correct mistakes and not revisit decisions, ultimately dismissing the application as it did not meet the criteria for rectification under Rule 154 of NCLT Rules. Case-Laws Companies Law Thu, 20 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401449