https://www.taxtmi.com/caselaws?id=756322 The NCLAT dismissed an appeal by legal heirs claiming rights to 2500 shares transferred by their deceased predecessor. The deceased had transferred shares, received full consideration, and executed a letter in 2015 but never challenged the transfer despite a 2018 SC decision. The heirs filed only six months after death, attempting to benefit from an unrelated order. The tribunal held the deceased voluntarily opted out of the dispute, never claimed rights to the shares while alive, and the heirs lacked locus standi under Sections 241-242 of the Companies Act as non-shareholders. en-us Mon, 29 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 08:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756322 The NCLAT dismissed an appeal by legal heirs claiming rights to 2500 shares transferred by their deceased predecessor. The deceased had transferred shares, received full consideration, and executed a letter in 2015 but never challenged the transfer despite a 2018 SC decision. The heirs filed only six months after death, attempting to benefit from an unrelated order. The tribunal held the deceased voluntarily opted out of the dispute, never claimed rights to the shares while alive, and the heirs lacked locus standi under Sections 241-242 of the Companies Act as non-shareholders. Case-Laws Companies Law Mon, 29 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756322