Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Case Index All Cases Companies Law Companies Law + Tri Companies Law - 2020 (10) TMI Tri This

  • Login
  • Summary

Forgot password       New User/ Regiser

⇒ Register to get Live Demo



 

2020 (10) TMI 334 - Tri - Companies Law


Issues:
Rectification of clerical errors in a previous judgment.

Analysis:
1. The Applicants, legal heirs of the deceased, sought rectification of a clerical error in a previous judgment where shares were to be re-allotted to original shareholders. The error was in mentioning only one respondent instead of all original shareholders.
2. The Respondent opposed the application, citing it was time-barred and beyond the jurisdiction of the court to review. The Respondent referred to Section 420 of the Companies Act, 2013, which allows rectification within two years unless under appeal.
3. The court noted that the matter had been appealed and confirmed by higher forums, making it legally impermissible to rectify the order. The Respondent argued that the application was not maintainable after the final dismissal by the Supreme Court.
4. The court reviewed the previous bench's corrections to the judgment, highlighting that the omission of a respondent's name was a conscious decision. Allowing further rectification might necessitate a review of the entire order, which was not within the current court's jurisdiction.
5. Despite acknowledging a possible typographical error, the court emphasized the need for express permission from the appellate forums to avoid altering the order's purport confirmed by higher courts.
6. The court concluded that the present application was not maintainable and rejected it. However, it granted liberty to the concerned party to seek appropriate relief from the higher forum for any necessary modification or correction in the judgment.

This detailed analysis covers the issues raised in the judgment regarding the rectification of clerical errors in a previous judgment and the legal arguments presented by both parties.

 

 

 

 

Quick Updates:Latest Updates