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TMI Blog2021 (2) TMI 88X X X X Extracts X X X X X X X X Extracts X X X X ..... r. Mohan Pulickkal , Advocate For the Respondent : No appearance ORDER This MA/206/KOB/2020 has been filed by the appellant under Rule 154 of National Company Law Tribunal Rules, 2016 in CA No. 57/KOB/2020 seeking the following relief : - "To rectify the Order dated 09.10.2020 of the Bench in CA/57/KOB/2020 by modifying the directions in clause iii of Paragraph 10 of the order by directing on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... passed the following direction: - "The shareholders of the appellant Company shall jointly submit an Undertaking to the Registrar of Companies stating therein that the accounts of the Company were not used as means to transact tainted money during the period of demonetization" 3. The Applicant 's contention is that the applicant is a public limited company with about 143 shareholders having the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e, the applicant will be put to insurmountable difficulties. 4. Even though notice was issued to the RoC for its report, no report filed by the RoC. Hence, it is presumed that the RoC has no objection in granting the relief prayed for by the Applicant. 5. I have gone through the order dated 09.10.2020 in CA/57/KOB/2020 and Rule 154 of National Company Law Tribunal Rules, 2016. Rule 154 of the Na ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all the shareholders. Hence, this Tribunal pass the following order by correcting point No.(iii) in the Order dated 09.10.2020 as under: - "The shareholders/Directors of the appellant Company shall jointly submit an Undertaking to the Registrar of Companies stating therein that the accounts of the Company were not used as means to transact tainted money during the period of demonetization" 7. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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