9911796707
TMI Blog2006 (3) TMI 732X X X X Extracts X X X X X X X X Extracts X X X X ..... Act, 1956 ('the Act') seeking directions against Mangalore Refinery and Software Services, now taken over by MCS Ltd. ('the Registrar and Transfer Agent') to rectify the register of members of the company, by substituting the name of petitioner, in respect of 1,000 shares of ₹ 10 each of the company covered under share certificate Nos. 2186862, 2234302, 2273174, 616314, 5525 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... yet the applicant's grievance remains unresolved. The applicant has been waiting for suitable action from SEBI and the second respondent for all these years. The transfer of shares purchased by the applicant in favour of third parties according to him has been brought out by fraud and such transfer is null and void. In these circumstances, the applicant seeks to condone the delay in approachin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 95. The second respondent in his communication dated 31.1.1996 categorically reported that one Jinendra Kumar Jain already forwarded the impugned shares to effect transfer in his favour and in view of the counter claim, it noted the stop transfer instruction in its records. This is as early as on 31.1.1996. SEBI, in response to the complaint made by the petitioner, advised him on 9.11.1995 that it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... gnorance of law or his seeking shelter under the correspondence exchanged with the petitioner and SEBI would in no way constitute sufficient cause to condone the inordinate delay of more than ten years. No amount of liberal approach in this matter by the Bench would go to the applicant's aid and, therefore, his prayer for condonation of delay does not merit any consideration, more so, in the l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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