Company Law Tribunals Have Jurisdiction u/s 59 of Companies Act to Refer Seriously Disputed Questions Towards Civil Court: NCLT [Read Order]

The Tribunal dismissed a petition filed under Section 59 of the Companies Act,

By Yogitha S. Yogesh - On July 7, 2024 9:25 am - 2 mins read

Company law tribunals – jurisdiction u/s 59 – NCLT - taxscan

In a recent case, the Hyderabad bench of the National Company Law Tribunal ( NCLT ) held that company law tribunals have jurisdiction under Section 59 of the Companies Act, 2013 to refer seriously disputed questions towards civil court for a detailed investigation. Mr. Gireesh Sanghi, the Petitioner and his family hold 4,87,499 equity shares…

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