Companies Act Section 428 — Protection of action taken in good faith
CHAPTER XXVII NATIONAL COMPANY LAW TRIBUNAL AND APPELLATE TRIBUNAL
Commercial / Corporate
Summary
No suit, prosecution, or other legal proceeding can be brought against the Tribunal, its President, Members, officers, or other employees, or against the Appellate Tribunal, its Chairperson, Members, officers, or other employees, or against a liquidator or any other person authorised by either Tribunal, for any loss or damage caused or likely to be caused by an act done in good faith while carrying out any function under this Act. This protection applies to acts done or intended to be done in pursuance of the Act, meaning that as long as the person was acting honestly and in the course of their official duties, they are shielded from legal action for any resulting harm.
Official Text
No suit, prosecution or other legal proceeding shall lie against the Tribunal, the President, Member, officer or other employee, or against the Appellate Tribunal, the Chairperson, Member, officer or other employees thereof or liquidator or any other person authorised by the Tribunal or the Appellate Tribunal for the discharge of any function under this Act in respect of any loss or damage caused or likely to be caused by any act which is in good faith done or intended to be done in pursuance of this Act.