Civil court does not have power to entertain cases related to issue and transfer of shares
Court :
NCLAT
Brief :
SECTION 430 of the Companies Act, 2013- No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this Act or any other law for the time being in force and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act or any other law for the time being in force, by the Tribunal or the Appellate Tribunal.
Citation :
Positive edge Technology Pvt. Ltd. &Ors. (Appellants)
vs. Asmita Katdare & Ors. (Respondents)- NCLAT
Dated: 18/11/2020
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 565
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