https://www.taxtmi.com/caselaws?id=774942 The NCLAT Chennai allowed an interlocutory application seeking amendment in the relief clause under Section 97 of the Companies Act, 2013 read with Rule 74 of the NCLT Rules, 2016. The case involved discrepancies regarding equity shareholding, AGM conduct, and submission of annual returns and financial statements for 2019-2020 and 2020-2021. The Tribunal held that the amendment application should have been considered when the final order was rendered in the company petition. The proposed amendment to include Financial Year 2023-24 did not change the case's nature, withdraw admissions, or require fresh evidence. Since the appeal was pending and the relief sought would directly impact the subsequent financial year, the amendment would help the Appellate Tribunal better understand the controversy's totality without adversely affecting the respondent's legally accrued rights. The appellant was directed to complete the amendment within two weeks, with the company appeal listed for 01.08.2025. en-us Tue, 15 Jul 2025 00:00:00 +0530 Thu, 17 Jul 2025 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774942 The NCLAT Chennai allowed an interlocutory application seeking amendment in the relief clause under Section 97 of the Companies Act, 2013 read with Rule 74 of the NCLT Rules, 2016. The case involved discrepancies regarding equity shareholding, AGM conduct, and submission of annual returns and financial statements for 2019-2020 and 2020-2021. The Tribunal held that the amendment application should have been considered when the final order was rendered in the company petition. The proposed amendment to include Financial Year 2023-24 did not change the case's nature, withdraw admissions, or require fresh evidence. Since the appeal was pending and the relief sought would directly impact the subsequent financial year, the amendment would help the Appellate Tribunal better understand the controversy's totality without adversely affecting the respondent's legally accrued rights. The appellant was directed to complete the amendment within two weeks, with the company appeal listed for 01.08.2025. Case-Laws Companies Law Tue, 15 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774942