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    <title>2017 (9) TMI 1500 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL, NEW DELHI</title>
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    <description>The Appellate Tribunal dismissed the appeal on the maintainability of the petition under Sections 241 and 242 of the Companies Act, 2013, as the appellants did not meet the share capital qualification. However, the Appellate Tribunal granted a waiver for the requirements specified in Section 244(1), allowing the appellants to file the application under Section 241 based on substantial equity interests and allegations of &#039;oppression and mismanagement.&#039; The case was remitted to the Tribunal for registration and decision on merit within three months.</description>
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      <description>The Appellate Tribunal dismissed the appeal on the maintainability of the petition under Sections 241 and 242 of the Companies Act, 2013, as the appellants did not meet the share capital qualification. However, the Appellate Tribunal granted a waiver for the requirements specified in Section 244(1), allowing the appellants to file the application under Section 241 based on substantial equity interests and allegations of &#039;oppression and mismanagement.&#039; The case was remitted to the Tribunal for registration and decision on merit within three months.</description>
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