https://www.taxtmi.com/caselaws?id=754356 Section 430 of the Companies Act, 2013 bars civil court jurisdiction only over matters the Tribunal or Appellate Tribunal is empowered to decide, while Sections 58 and 59 concern refusal of registration and rectification of the register after title to shares is determined. On the pleaded facts, the dispute concerned alleged non-payment of full consideration, wrongful transfer and re-transfer of shares, and title to the shares themselves, which remained within the civil court's domain. The arbitration clause in the share purchase agreement did not justify rejection of the plaint on the statutory bar applied by the Trial Court, because contractual arbitration and the Companies Act bar have different effects and the plaintiff could not be left without a remedy at the threshold. en-us Wed, 24 Apr 2024 00:00:00 +0530 Sat, 22 Jun 2024 07:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754356 Section 430 of the Companies Act, 2013 bars civil court jurisdiction only over matters the Tribunal or Appellate Tribunal is empowered to decide, while Sections 58 and 59 concern refusal of registration and rectification of the register after title to shares is determined. On the pleaded facts, the dispute concerned alleged non-payment of full consideration, wrongful transfer and re-transfer of shares, and title to the shares themselves, which remained within the civil court's domain. The arbitration clause in the share purchase agreement did not justify rejection of the plaint on the statutory bar applied by the Trial Court, because contractual arbitration and the Companies Act bar have different effects and the plaintiff could not be left without a remedy at the threshold. Case-Laws Companies Law Wed, 24 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754356