2020 (2) TMI 382

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....ani, Advocates JUDGEMENT DR. ASHOK KUMAR MISHRA, MEMBER (TECHNICAL) This appeal has been filed by the appellant under Section 421 of the Companies Act, 2013 for being aggrieved by the order dated 22nd January 2019 of National Company Law Tribunal (NCLT in short), Mumbai Division II, Mumbai. They are basically aggrieved with the order of NCLT Mumbai in respect of "not alienate any of the assets of the company until further orders in CP No.2440/241- 242/MB/2018". Respondent in the present appeal Mr. Kanji Bhanji Shah and Mr. vadilal Kunverji Gada have approached NCLT Mumbai to grant multiple reliefs including not allowing any transfer of shares by the respondent in the main petition until final order is passed by the NCLT; to rest....

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....no share transfer agreement and there was no share transfer form signed by the Respondents and no consideration were passed. They are alleging for some forged signatures on some of the certificates Page 10 para L of the appeal. The appellants have also made their submission that the Respondent in the appeal, no doubt, were appointed as director of the appellant company in December, 2010 but resigned from the company in February, 2012 and they are not holding any qualifications shares and unable to get any shares within the prescribed time limit. It is also revealed that the Respondent in the appeal have filed a complaint before ROC on 22nd April, 2016 and the said complaint was closed by ROC on 6th November, 2017. It is also observed fro....