Supreme Court · 2023 INSC 9 · Decided 4 January 2023
Ifb Agro Industries Limited v. Sicgil India Limited and Others
- Court
- Supreme Court of India
- Citation
- 2023 INSC 9 · [2023] 1 S.C.R. 527
- Case number
- CIVIL APPEAL No. 2030/2019
- Decided
- 4 January 2023
- Bench
- A.S. BOPANNA, PAMIDIGHANTAM SRI NARASIMHA (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Companies Act Section 59, 111A
Headnote
Companies Act, 2013 : s. 59 - Rectification of register of members - Scope of Rectificatory jurisdiction of National Company Law tribunal-NCLT - Violation of - On facts, respondent No.1 acquired shares of the appellant exceeding 5% of its total shares from and failed to make disclosure as per Reg.7(1) of SAST Regulations and Reg. 13 of PIT Regulations - Appellant filed petition before NCLT u/s 111A of the 1956 Act (now s. 59 of the 2013 Act) for rectification of members register by deleting the name of the respondents as the owners of shares
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