https://www.taxtmi.com/caselaws?id=375419 The appeal against the order allowing waiver under Section 244 of the Companies Act, 2013 was dismissed by the Appellate Tribunal. The Tribunal found that the Respondent had established exceptional circumstances warranting the waiver. The Appellant's argument that no exceptional case was made out and the Tribunal's failure to identify specific exceptional circumstances were rejected. The Tribunal emphasized that factors like prima facie case, shareholding pattern, and merit-related issues should not be considered during the waiver process. The judgment reiterated the importance of exceptional circumstances in granting waivers under the Companies Act and upheld the original order allowing the waiver application. en-us Fri, 02 Nov 2018 00:00:00 +0530 Tue, 19 Feb 2019 07:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375419 The appeal against the order allowing waiver under Section 244 of the Companies Act, 2013 was dismissed by the Appellate Tribunal. The Tribunal found that the Respondent had established exceptional circumstances warranting the waiver. The Appellant's argument that no exceptional case was made out and the Tribunal's failure to identify specific exceptional circumstances were rejected. The Tribunal emphasized that factors like prima facie case, shareholding pattern, and merit-related issues should not be considered during the waiver process. The judgment reiterated the importance of exceptional circumstances in granting waivers under the Companies Act and upheld the original order allowing the waiver application. Case-Laws Companies Law Fri, 02 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375419