NCLT imposes Rs. 10 Lakh Cost for seeking transfer of cases on minor excuses

Cyrus Investment & Anr Vs. Tata Sons Ltd. & Ors. (National Company Law Tribunal) A perusal of the aforesaid prayer does not leave any manner of doubt that the prayer was made for entrusting the Company Petition No. 82/2016 to such Bench of the NCLT as may be appropriate for hearing the same on the merits of the case. However, there is no mention of any such prayer in the order of the Hon’ble NCLAT. In other words, the prayer is deemed to have been made an Order 2 Rule 2 and in law it is presumed to be rejected apart from the allegations of concealment on that count in the present...