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NATIONAL COMPANY LAW APPELLATE TRIBUNAL
Rakesh Kumar Jain, J
Devang Hemant Vyas & Ors. – Appellant
Versus
3A Capital Pvt. Ltd. & Anr. – Respondent
| Table of Content |
|---|
| 1. overview of appeals filed (Para 1 , 2 , 3) |
| 2. prayers made in appeals (Para 4 , 5 , 6) |
| 3. company's financial background (Para 7 , 8 , 9 , 10) |
| 4. details of financial assistance agreements (Para 11 , 12 , 13) |
| 5. impact of non-payment and project status (Para 14 , 15 , 16) |
| 6. history of shareholder disputes and claims (Para 17 , 18 , 19 , 20) |
| 7. orders related to preference shares (Para 22 , 23) |
| 8. contempt application details (Para 24 , 25 , 26) |
| 9. tribunal's observations on contempt application (Para 27 , 28 , 29 , 30) |
| 10. arguments on jurisdiction and maintainability (Para 31 , 32 , 33) |
| 11. arguments related to merger and contempt power (Para 34 , 35 , 36) |
| 12. tribunal's errors in issuing directions (Para 37 , 38 , 39) |
| 13. decisions based on directors' liability (Para 40 , 41 , 42) |
| 14. result of the judgment (Para 43 , 44 , 45) |
| 15. procedural observations by the tribunal (Para 46 , 47 , 48 , 49) |
| 16. arguments against contempt jurisdiction (Para 50 , 51 , 52 , 53) |
JUDGMENT
Per: Justice Rakesh Kumar Jain:
This order shall dispose of three appeals bearing CA (AT) No.115 of 2022 titled as ‘Devang Hemant Vyas & 5 Ors. Vs. 3A Capital Pvt. Ltd. & Anr.’, (AT) No. 116 of 2022 titled
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