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2021 (1) TMI 148 - Tri - Companies LawDissolution of company - Oppression and Mismanagement - Sections 241 and 242 of the Companies Act, 2013 - HELD THAT:- On hearing the counsel for the Applicant as well as the Regional Director and having perused the pleadings and the documents attached, we are satisfied and of the considered view that the dissolution of IIPL USA is the best option for resolution of IIPL USA in the given scenario and the same needs to be approved and recorded. The proposal to file Application(s) for initiating the dissolution process of IIPL USA in accordance with the laws of the USA is taken on record - Application allowed.
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