JURISDICTION OF NCLT IN SECTION 59 MATTERS

This Appeal arises out of impugned Order dated 29.28.2018, passed by the National Company Law Tribunal, Hyderabad Bench whereby the NCLTdismissed the Company Petition filed by the Appellant (MAIF Investment India PTE Ltd.) under Section 59 of the Companies Act, 2013. Apetition had been filed under Section 59 of the Companies Act, 2013 before the NCLT, Hyderabad Bench, seeking a rectification in the Register of Members of a company. The dispute involved allegations that certain Compulsory Convertible Debentures (“CCD”) had been converted without appropriate consent of the Debenture holder.