NCLT Can Decide Validity of Gift Deeds & Fraudulent Transfers: Supreme Court

The Supreme Court of India, in a significant ruling, has affirmed the National Company Law Tribunal’s (NCLT) authority to examine allegations of fraud and the validity of documents like gift deeds when adjudicating petitions concerning oppression and mismanagement under the Companies Act, 1956. A bench of Justices Dipankar Datta and K. Vinod Chandran set aside

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