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NATIONAL COMPANY LAW TRIBUNAL
Mrs. Bidisha Banerjee, Member (Judicial), Mr. Balraj Joshi, Member (Technical)
Bhaskar Goswami & Ors. – Appellant
Versus
Small Industries Development Bank of India & Ors. – Respondent
| Table of Content |
|---|
| 1. factual background on the company and parties (Para 2 , 3 , 4) |
| 2. alleged oppression related to share transfer (Para 5 , 6 , 7) |
| 3. overview of company applications filed (Para 8 , 9) |
| 4. arguments concerning legality of transfer (Para 10 , 11) |
| 5. court's analysis and findings (Para 12) |
Common Order
Balraj Joshi, Member (Technical):
1. This Court convened through video conferencing.
2. A company petition no. CP 1762 of 2019 came to be filed by the Petitioners against various respondents as brought out hereunder. CP 1762 is filed by the Bhaskar Goswami and 6 Ors being the members and employees of WEBCON are claiming relief against the oppressive and prejudicial acts of the Respondents 1 to 4. R-5 is the Company namely WEBCON.
Brief Facts of the case
3. The company under consideration here is Called WEBCON Consulting (India) ltd., a company incorporated under the Companies Act 1956 on 31st May 1979 . The subscribers to the Memorandum were all nationalized banks and financial institutions owned by the Central as well as State Governments. The basic object of the company is to provide consultancy in the field of industry, so as to provide data-based information to the entrepre
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