https://www.taxtmi.com/caselaws?id=465252 HC held that the suit, alleging fraudulent transfer of shares and disputing title, concerns individual rights of a shareholder and is therefore maintainable before the civil court as a commercial suit. It ruled that s.59 Companies Act, 2013 confers jurisdiction on NCLT only for rectification of the register of members pursuant to the company's actions, not for adjudication of fraud, disputed title, or consideration for transfer. Since these foundational issues require a full civil trial, NCLT's summary jurisdiction is inapplicable and the civil court's jurisdiction is not barred. Consequently, the defendant's application under Order VII Rules 10 and 11 CPC was dismissed. en-us Wed, 09 Aug 2023 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465252 HC held that the suit, alleging fraudulent transfer of shares and disputing title, concerns individual rights of a shareholder and is therefore maintainable before the civil court as a commercial suit. It ruled that s.59 Companies Act, 2013 confers jurisdiction on NCLT only for rectification of the register of members pursuant to the company's actions, not for adjudication of fraud, disputed title, or consideration for transfer. Since these foundational issues require a full civil trial, NCLT's summary jurisdiction is inapplicable and the civil court's jurisdiction is not barred. Consequently, the defendant's application under Order VII Rules 10 and 11 CPC was dismissed. Case-Laws Companies Law Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465252