2012 (10) TMI 875

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AUR, J. (Oral) 1 This appeal has impugned the judgment and decree of the Company Law Board (CLB) dated 25.05.2012 wherein the application filed by the appellant under Section 111-A of the Companies Act, 1956 (hereinafter referred to as the 'Act') seeking a rectification of the members register was dismissed. 2 The contention of the appellant is that he was a member of the National Stock Exch....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ier company in the sum of 2,20,500/- along with interest @ 18% per annum. Suit against defendant No. 1 (the company) seeking a direction to issue duplicate share scripts was held not maintainable in view of the ratio of the judgment of the Supreme Court in AIR 1998 (SC) 3153 Ammonia Supplies Corporation Private Ltd. Vs. Modern Plastic Containers Pvt. Ltd. and Others. 3 Since this amount (which ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nce indication of settlement was there on the last occasion, therefore, it seems that amended reply and submissions made are in consonance with the kind of understanding. Settlement of counsel for the respondent No. 1 is recorded separately and in view of the amended reply and statement made, the appeal against the respondent No. 1 and the decree passed against the appellant is set aside. The a....