Right to apply under section 245: membership and depositor thresholds, prescribed Form NCLT-9 and service obligations apply. Right to apply under section 245 requires filing in Form NCLT-9 with service on the company, respondents and other persons as directed by the Tribunal. The rule prescribes qualifying thresholds for members-either a proportion of total members or an alternative fixed member count, or thresholds based on issued share capital that differ for unlisted and listed companies-and for depositors either a proportion of total depositors or qualification by the proportion of deposits owed to them.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Right to apply under section 245: membership and depositor thresholds, prescribed Form NCLT-9 and service obligations apply.
Right to apply under section 245 requires filing in Form NCLT-9 with service on the company, respondents and other persons as directed by the Tribunal. The rule prescribes qualifying thresholds for members-either a proportion of total members or an alternative fixed member count, or thresholds based on issued share capital that differ for unlisted and listed companies-and for depositors either a proportion of total depositors or qualification by the proportion of deposits owed to them.
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