https://www.taxtmi.com/caselaws?id=402157 The Tribunal ruled that a Director, who is not a member of the company, cannot seek waiver of the applicability of Section 244 of the Companies Act, 2013 to maintain a petition before the Tribunal. The waiver provision only applies to company members, not Directors. The Tribunal declined to grant interim directions until the Waiver Application is decided, ensuring all parties have a fair opportunity to present their case. The matter was scheduled for further proceedings to allow the Respondents to respond, emphasizing the importance of due process in legal proceedings. en-us Fri, 04 Sep 2020 00:00:00 +0530 Fri, 25 Dec 2020 16:08:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402157 The Tribunal ruled that a Director, who is not a member of the company, cannot seek waiver of the applicability of Section 244 of the Companies Act, 2013 to maintain a petition before the Tribunal. The waiver provision only applies to company members, not Directors. The Tribunal declined to grant interim directions until the Waiver Application is decided, ensuring all parties have a fair opportunity to present their case. The matter was scheduled for further proceedings to allow the Respondents to respond, emphasizing the importance of due process in legal proceedings. Case-Laws Companies Law Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402157