https://www.taxtmi.com/caselaws?id=436424 The Appellate Tribunal upheld the decision of the Tribunal, dismissing the Appeal as lacking merit. The Petition was deemed not filed within the limitation period, and the purported transfer of shares did not comply with the Companies Act and Articles of Association. The alleged consideration for the shares was not validated, and the share certificates were found to be fabricated. The Appellants failed to prove their case, making the Petition not maintainable. The Appeal was dismissed, as the Appellants did not establish their entitlement to the shares or payment of consideration, lacking the locus to file under the Companies Act, 2013. en-us Mon, 10 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436424 The Appellate Tribunal upheld the decision of the Tribunal, dismissing the Appeal as lacking merit. The Petition was deemed not filed within the limitation period, and the purported transfer of shares did not comply with the Companies Act and Articles of Association. The alleged consideration for the shares was not validated, and the share certificates were found to be fabricated. The Appellants failed to prove their case, making the Petition not maintainable. The Appeal was dismissed, as the Appellants did not establish their entitlement to the shares or payment of consideration, lacking the locus to file under the Companies Act, 2013. Case-Laws Companies Law Mon, 10 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436424