9911796707
TMI Blog2012 (10) TMI 875X X X X Extracts X X X X X X X X Extracts X X X X ..... ugned 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 Exchange (NSE); he had purchased 3500 shares ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th 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 is the value of the share scripts) has already ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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 appeal stands disposed off accordingly. TCR along wi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hows that there appears to have been an out of Court settlement between the petitioner and the courier company; vehement submission of the petitioner that this decree had been set aside entitling him now to rectification in the share register for the reason that he had not received any money qua the loss of these shares is not borne out from the record. Claim of the petitioner stands satisfied. 6 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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