Application for rectification of register of members filed after 21 years from date of allotment in invalid

CL: Where appellant company claimed to be shareholder of R1 company alleged that shares transferred to it from original allottees were illegally transferred to third party, in view of fact that appellant had not produced any proof to substantiate its version and application seeking rectification of members was filed by appellant after a period of 21 years from date of allotment, appellant could not challenge impugned transfer

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