2025 (6) TMI 1603

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....TICE SHARAD KUMAR SHARMA MEMBER (JUDICIAL) AND JATINDRANATH SWAIN MEMBER (TECHNICAL) For the Appellant : Mr. BV. Ramesh, PCS For the Respondent : None JUDGMENT (Hybrid Mode) Per : Justice Sharad Kumar Sharma, Member (Judicial): 1. The Appellant in the admitted status of being the "Preference Shareholder'', questions the propriety of the Impugned Judgment dated 24.10.2024, as it h....

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....the Companies Act, 2013, coupled with the fact that; (b) Secondly, since the parties were already under the Shareholders Agreement, which are binding upon them, and as per the terms of the Shareholders Subscription Agreement dated 26.12.2008, the parties were governed by the Arbitration Clause as contained  therein  under Clause 13  and in  that  eventuality ....

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....rpretation, which he attempted to venture, he intended to argue that in fact, the proceedings at his behest would be maintainable owing to there being certain flagrant disregard to the conditions of the said Agreement dated 26.12.2008, affecting his alleged legal rights. 4. The aspect of as to what extent the covenants of the Shareholders Agreement dated 26.12.2008, was violative, would exclusi....

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....party" as per the provisions of the Code. The appellant has no locus to file this appeal and the same is not maintainable. Accordingly, the appeal is dismissed. Pendingl. As if any are closed. There would be no order as to costs.'' 6. Hence, the findings, which has been recorded by the learned Adjudicating Authority in Para Nos. 5 & 6, do not suffer any apparent legal vices, which may call for ....