https://www.taxtmi.com/caselaws?id=288799 The tribunal dismissed the company petition as the petitioner failed to challenge the board resolution authorizing the Power of Attorney and sale deeds. Collusion between the petitioner and R2 against R3 was noted. The petition was deemed inappropriate under Section 241 of the Companies Act, 2013, and was considered an abuse of legal process. Costs of Rs. 5 lakhs were awarded to R3, emphasizing adherence to legal procedures and limitations on arguments without legal basis. en-us Wed, 24 Jul 2019 00:00:00 +0530 Wed, 28 Oct 2020 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288799 The tribunal dismissed the company petition as the petitioner failed to challenge the board resolution authorizing the Power of Attorney and sale deeds. Collusion between the petitioner and R2 against R3 was noted. The petition was deemed inappropriate under Section 241 of the Companies Act, 2013, and was considered an abuse of legal process. Costs of Rs. 5 lakhs were awarded to R3, emphasizing adherence to legal procedures and limitations on arguments without legal basis. Case-Laws Companies Law Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288799