2019 (7) TMI 2037 - SCH - Companies Law

Transfer of shares - whether the shares were transferred in the first place? - whether the Respondents could rightly claim that all due procedure under the Companies Act was followed for omitting the name of OP1 and entering the name of OR2 in the register of members? - it was held by NCLAT that ' the Appellants failed to prove such defence of gift before NCLT and us that the Appellants have justifiable reasons for their action to omit the name of the original Petitioners from the Register of members and to add that of Appellant No.1 - Smiti Golyan.' HELD THAT - It is found that the findings recorded by the National Company Law Appellate Tribunal, New Delhi, to be absolutely proper. No ground is made out to interfere with the impugned order(s) passed by the Tribunal. The appeal is, accordingly, dismissed.

Summary

The Supreme Court upheld the findings of the National Company Law Appellate Tribunal and dismissed the appeal. Pending applications were disposed of. (TMI Citation)