2022 (11) TMI 701 - AT - Insolvency & Bankruptcy
Application filed by a minority shareholder as well as a director holding 7.29% of the total issued, paid up and subscribed share capital in the Respondent No. 1 company - prayer for exemption under the proviso to Section 244(1)(a) of the Companies Act, 2013 for enabling him to initiate action against the Respondent No. 1 Company and its Directors - Section 213, 241, 242 and 244 of the Companies Act, 2013 - HELD THAT:- On going through the record that the matter is still pending before the Tribunal, the instant Appeal is disposed off with the following observations without entering into the merit of the case:- i) The National Company Law Tribunal (Kolkata Bench, Kolkata) is requested to expedite the matter and dispose of at an early date and ii) The parties are at liberty to raise all the issues before the Tribunal and after hearing the parties, the Tribunal to pass appropriate orders.
Appeal disposed off.