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Companies Law - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Oppression and mismanagement - Waiver of compliance of Section ...


Tribunal Waives Compliance with Section 244(1) of Companies Act to Allow Oppression and Mismanagement Case to Proceed.

December 31, 2020

Case Laws     Companies Law     AT

Oppression and mismanagement - Waiver of compliance of Section 244(1) of the Companies Act - The Tribunal, has exercised its discretion and opined that a meritorious litigation cannot be thrown at threshold without examining the merits of the case and further observed that the First Respondent / Petitioner had made out a prima facie case to entertain the main company petition for its final adjudication - AT

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