https://www.taxtmi.com/caselaws?id=287448 The Tribunal upheld the decision to delete the Statutory Auditors from a Company Petition alleging oppression and mismanagement under Sections 241 and 242 of the Companies Act, 2013. The Auditors were found not to be necessary parties as the allegations were against the Company, Board of Directors, and Shareholders. Since their conduct was already under investigation, involving them in the proceedings could lead to conflicting decisions. The appeal was dismissed, and no costs were imposed. en-us Mon, 06 Nov 2017 00:00:00 +0530 Mon, 17 Apr 2023 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287448 The Tribunal upheld the decision to delete the Statutory Auditors from a Company Petition alleging oppression and mismanagement under Sections 241 and 242 of the Companies Act, 2013. The Auditors were found not to be necessary parties as the allegations were against the Company, Board of Directors, and Shareholders. Since their conduct was already under investigation, involving them in the proceedings could lead to conflicting decisions. The appeal was dismissed, and no costs were imposed. Case-Laws Companies Law Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287448