https://www.taxtmi.com/caselaws?id=445638 Delhi HC allowed appeal against NCLAT order directing registration of shares. Court held that "sufficient cause" under Section 111A Companies Act includes not only legal violations but also mala fide transfers intended to obstruct company functioning. Respondents, comprising former associate's family members and relatives of ex-statutory director, filed multiple complaints against appellant company. Their failure to appear and rebut allegations of seeking to hinder bona fide corporate decisions constituted sufficient cause for refusing share registration. Company's refusal was justified. en-us Fri, 10 Nov 2023 00:00:00 +0530 Mon, 13 Nov 2023 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445638 Delhi HC allowed appeal against NCLAT order directing registration of shares. Court held that "sufficient cause" under Section 111A Companies Act includes not only legal violations but also mala fide transfers intended to obstruct company functioning. Respondents, comprising former associate's family members and relatives of ex-statutory director, filed multiple complaints against appellant company. Their failure to appear and rebut allegations of seeking to hinder bona fide corporate decisions constituted sufficient cause for refusing share registration. Company's refusal was justified. Case-Laws Companies Law Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445638