https://www.taxtmi.com/caselaws?id=431250 Where transmission of shares of a deceased shareholder is met by a substantiated rival claim and the succession certificate is itself under challenge, the tribunal may defer transmission until the competing claim is resolved. The record showed that the rival claimant asserted rights over the shares, held the original share certificates, and relied on a registered will to support the claim, while the appellant's succession certificate was pending challenge before the High Court. On those facts, directing notice to the rival claimant and postponing transmission was treated as a prudent and lawful course, with no illegality or infirmity in the order. en-us Mon, 05 Dec 2022 00:00:00 +0530 Fri, 09 Dec 2022 09:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431250 Where transmission of shares of a deceased shareholder is met by a substantiated rival claim and the succession certificate is itself under challenge, the tribunal may defer transmission until the competing claim is resolved. The record showed that the rival claimant asserted rights over the shares, held the original share certificates, and relied on a registered will to support the claim, while the appellant's succession certificate was pending challenge before the High Court. On those facts, directing notice to the rival claimant and postponing transmission was treated as a prudent and lawful course, with no illegality or infirmity in the order. Case-Laws Insolvency and Bankruptcy Mon, 05 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431250