NCLAT Chennai Archives

share certificate under Section 59 Companies Act

Case Briefs Tribunals/Commissions/Regulatory Bodies

Valid Share Certificate cannot be issued under Section 59 of Companies Act, 2013: NCLAT

“The pre-condition for invoking Section 59 of the Companies Act, 2013 is that the Applicant must already be a valid holder of a share certificate prior to invoking the provision.”

Higher Judiciary Member seeks favourable order

Case Briefs Tribunals/Commissions/Regulatory Bodies

NCLAT Chennai Judicial Member recuses from IBC appeal after request for favourable order by a revered Higher Judiciary Member

Following the development, the Supreme Court has reportedly ordered an investigation into the claim raised by the NCLAT Judicial Member.