https://www.taxtmi.com/caselaws?id=757513 The NCLAT dismissed company appeals concerning share transfer and rectification of the Register of Members under section 154 of NCLT Rules. The primary appellant company withdrew from proceedings, leaving the second appellant individual without standing to contest the NCLT's rectification order. The tribunal held that relief against rectification of member register could only be sought when the company itself contested proceedings. Since the company chose not to contest, the individual appellant lacked cause of action flowing from the company. Appeals were dismissed without prejudice to the second appellant's rights to pursue appropriate remedies under Section 59 of the Companies Act, 2013. en-us Fri, 23 Aug 2024 00:00:00 +0530 Wed, 28 Aug 2024 09:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757513 The NCLAT dismissed company appeals concerning share transfer and rectification of the Register of Members under section 154 of NCLT Rules. The primary appellant company withdrew from proceedings, leaving the second appellant individual without standing to contest the NCLT's rectification order. The tribunal held that relief against rectification of member register could only be sought when the company itself contested proceedings. Since the company chose not to contest, the individual appellant lacked cause of action flowing from the company. Appeals were dismissed without prejudice to the second appellant's rights to pursue appropriate remedies under Section 59 of the Companies Act, 2013. Case-Laws Companies Law Fri, 23 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757513