No civil court shall have jurisdiction to entertain any suit or proceeding in respect of any matter which the Tribunal or the Appellate Tribunal is empowered to determine by or under this Act or any other law for the time being in force and no injunction shall be granted by any court or other authority in respect of any action taken or to be taken in pursuance of any power conferred by or under this Act or any other law for the time being in force, by the Tribunal or the Appellate Tribunal.
Legal Commentary & Landmark Judgments: Section 430
Section 430 creates an absolute statutory bar ousting the jurisdiction of civil courts over any matter which the National Company Law Tribunal or Appellate Tribunal is empowered to determine.
Section 430 establishes an absolute jurisdictional bar ousting civil courts, ensuring that company disputes, oppression claims, and corporate management issues are adjudicated exclusively by the NCLT.
The Supreme Court's ruling in *Shashi Prakash Khemka* eliminated the historic forum-shopping where litigants filed parallel civil suits in city civil courts alongside company board petitions. Any civil suit challenging director appointments, share allotments, board meetings, or oppression must be summarily rejected by civil courts under Order VII Rule 11 of the CPC as barred by Section 430.