Claim of Return of Stock from CD Without any Solid Documentary Evidence is invalid: NCLAT [Read Order]

Claim of Return of Stock - Return of Stock from CD - Solid Documentary Evidence - NCLAT - taxscan

The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) has held that the claim return of stock from the Corporate Debtor (CD) without any solid documentary evidence is invalid. The Appellants Gurudeo Exports Corporation Private Limited (GECPL), Shree Kalka Global (SKG), Neon International Traders (NIT) and TLS Mercantile Pvt. Ltd. challenged the common…

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