Delay Not Condoned in Share Transfer Case: NCLAT Holds Section 14 Inapplicable After Civil Suit Dismissal

Hasmukh Kanubhai Shah Vs Aurobindo Pharmaceuticals Ltd (NCLAT Chennai) The appeal before the National Company Law Appellate Tribunal, Chennai arose from the rejection of an application seeking condonation of a 308-day delay in filing a company appeal under Section 59 of the Companies Act, 2013. The appellant claimed to be the holder of 500 shares in the respondent company and relied on a delivery memo dated 31.03.2025 to establish shareholding, asserting that no share certificates were ever issued. It was admitted that the appellant first became aware on 11.05.2016 that the shares had allegedl...