https://www.taxtmi.com/caselaws?id=342142 The Tribunal dismissed the petitioners' application seeking a waiver of the qualification mandate under Section 244(1) of the Companies Act, 2013, to pursue their petition under Section 241. It held that the petitioners did not establish a strong case showing that their economic interests were affected, and failed to make out any cause of action or prima facie case justifying the waiver. Additionally, the Tribunal found that the allegations of oppression and mismanagement under Section 241 were not substantiated, leading to the dismissal of the waiver application and the main company petition without costs. en-us Mon, 17 Apr 2017 00:00:00 +0530 Thu, 31 Jan 2019 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342142 The Tribunal dismissed the petitioners' application seeking a waiver of the qualification mandate under Section 244(1) of the Companies Act, 2013, to pursue their petition under Section 241. It held that the petitioners did not establish a strong case showing that their economic interests were affected, and failed to make out any cause of action or prima facie case justifying the waiver. Additionally, the Tribunal found that the allegations of oppression and mismanagement under Section 241 were not substantiated, leading to the dismissal of the waiver application and the main company petition without costs. Case-Laws Companies Law Mon, 17 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342142