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    <title>2019 (4) TMI 486 - NATIONAL COMPANY LAW TRIBUNAL — CHANDIGARH BENCH</title>
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    <description>The tribunal dismissed the petition as time-barred, ruling that the petitioner&#039;s claim challenging the 2009 allotment was filed almost nine years after the event, exceeding the three-year limitation period. The petitioner&#039;s argument of not receiving notice of meetings was deemed insufficient to establish a continuous cause of action. The tribunal referenced Section 433 of the Companies Act, 2013, applying the Limitation Act, 1963, and cited precedents supporting the three-year limitation for such petitions. The petition was dismissed, and the petitioner&#039;s application for waiver of eligibility conditions under Section 244 of the Companies Act, 2013, was also rejected.</description>
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      <description>The tribunal dismissed the petition as time-barred, ruling that the petitioner&#039;s claim challenging the 2009 allotment was filed almost nine years after the event, exceeding the three-year limitation period. The petitioner&#039;s argument of not receiving notice of meetings was deemed insufficient to establish a continuous cause of action. The tribunal referenced Section 433 of the Companies Act, 2013, applying the Limitation Act, 1963, and cited precedents supporting the three-year limitation for such petitions. The petition was dismissed, and the petitioner&#039;s application for waiver of eligibility conditions under Section 244 of the Companies Act, 2013, was also rejected.</description>
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