https://www.taxtmi.com/caselaws?id=362121 The National Company Law Tribunal (NCLT) granted waiver under the proviso to Section 244(1) to Respondent Nos.1 and 2, allowing them to pursue their petition for oppression and mismanagement. The Tribunal considered the respondents' bona fide attempt to streamline the charitable activities of the appellant company and the exceptional circumstances surrounding their membership status. The appeal challenging the waiver was dismissed, directing NCLT, Mumbai, to proceed with the company petition under Section 422 of the Companies Act, 2013. en-us Mon, 21 May 2018 00:00:00 +0530 Wed, 20 Jun 2018 11:26:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362121 The National Company Law Tribunal (NCLT) granted waiver under the proviso to Section 244(1) to Respondent Nos.1 and 2, allowing them to pursue their petition for oppression and mismanagement. The Tribunal considered the respondents' bona fide attempt to streamline the charitable activities of the appellant company and the exceptional circumstances surrounding their membership status. The appeal challenging the waiver was dismissed, directing NCLT, Mumbai, to proceed with the company petition under Section 422 of the Companies Act, 2013. Case-Laws Companies Law Mon, 21 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362121