https://www.taxtmi.com/caselaws?id=800788 Review under Order XLVII Rule 1 read with Section 114 of the Code of Civil Procedure is limited to an error apparent on the face of the record or other recognised grounds. Section 125(2)(h) of the Companies Act applies to unclaimed and unpaid application money received for allotment of securities that is due for refund after the prescribed period. Refunds payable to former shareholders following a court-approved reduction of share capital do not constitute such application money. As the prior directions had considered the relevant material and submissions, no apparent error justified review or transfer of those amounts to the Investor Education and Protection Fund. en-us Thu, 08 Oct 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800788 Review under Order XLVII Rule 1 read with Section 114 of the Code of Civil Procedure is limited to an error apparent on the face of the record or other recognised grounds. Section 125(2)(h) of the Companies Act applies to unclaimed and unpaid application money received for allotment of securities that is due for refund after the prescribed period. Refunds payable to former shareholders following a court-approved reduction of share capital do not constitute such application money. As the prior directions had considered the relevant material and submissions, no apparent error justified review or transfer of those amounts to the Investor Education and Protection Fund. Case-Laws Companies Law Thu, 08 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800788