Appeal U/S 421 Of Companies Act Not Maintainable Against Interlocutory Order Permitting AGM, No Substantive Rights Affected: NCLAT

The NCLAT ruled that an appeal under Section 421 of the Companies Act is not maintainable against an interlocutory order permitting the Annual General Meeting (AGM) of a company to proceed. The case concerned an appeal challenging an order allowing an AGM to take place, despite the existence of legal challenges. The NCLAT emphasized that interlocutory orders, which deal with interim matters, are not subject to appeal under Section 421, as they do not affect the final decision in the case. The judgment clarified the scope of appeals under the Companies Act and reinforced the distinction between final and interim orders.