https://www.taxtmi.com/caselaws?id=433810 The National Company Law Tribunal (NCLT) directed the rectification of the Register of Members, setting aside the transfer of 760 shares and declaring the EGM as illegal. The NCLT also set aside appointments to reconstitute the Board of Directors. The freezing of bank accounts was upheld, and allegations of family understanding were disputed. The Tribunal dismissed interlocutory applications, emphasizing the need to decide the main company petition on merits. Subsequent developments could not be stayed, with no costs awarded. en-us Wed, 08 Feb 2023 00:00:00 +0530 Fri, 10 Feb 2023 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433810 The National Company Law Tribunal (NCLT) directed the rectification of the Register of Members, setting aside the transfer of 760 shares and declaring the EGM as illegal. The NCLT also set aside appointments to reconstitute the Board of Directors. The freezing of bank accounts was upheld, and allegations of family understanding were disputed. The Tribunal dismissed interlocutory applications, emphasizing the need to decide the main company petition on merits. Subsequent developments could not be stayed, with no costs awarded. Case-Laws Companies Law Wed, 08 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433810