NSDL have no jurisdiction to adjudicate claim of title in respect of demated shares

HIGH COURT OF BOMBAY National Securities Depository Ltd. Versus Kamlesh Shah Co. Petition No. 110/111A/CLB/MB of 2009 Co. Appeal No. 33 of 2011 October 31, 2012 JUDGMENT 1. Heard finally. 2. This is an Appeal under Section 10F of the Companies Act, 1956. 3. The Appellant/Original Respondent No.10 has only challenged the impugned order dated 23rd November, 2010 passed by the Member of the Company Law Board, Bench at Bombay (for short “The Board”). The Appellant/Original Respondent No.10 is aggrieved by the following directions :- ” …However, in respect o...