ValkyaEditorial

Tagged “section-59”

1 article on section-59.

Supreme CourtSupreme Court of India

Shashi Prakash Khemka v. NEPC Micon (2019): s.430 bars the civil court where the NCLT is empowered

The Supreme Court held that Section 430 of the Companies Act, 2013 is widely worded, so where a power — such as rectification of the register of members under Section 59 — is conferred on the NCLT, the jurisdiction of the civil court is completely barred. A shareholder disputing a share transfer must approach the NCLT, not a civil suit.

Valkya Editorial··6 min