https://www.taxtmi.com/caselaws?id=404644 The Tribunal found that the Company Petition CP/41/KOB/2020 was not maintainable as it did not comply with the Companies Act, 2013. The Petitioner had filed a single petition against seven different companies, which was impermissible under Section 241. Additionally, the Petitioner failed to establish continuous acts of oppression or mismanagement required under Sections 241 and 242. Procedural irregularities, including improper identification of parties and failure to meet shareholding requirements, further undermined the petition. As a result, the Tribunal declared CP/41/KOB/2020 in its present form as not maintainable and disposed of IA/206/KOB/2020 accordingly. en-us Tue, 16 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 11:26:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404644 The Tribunal found that the Company Petition CP/41/KOB/2020 was not maintainable as it did not comply with the Companies Act, 2013. The Petitioner had filed a single petition against seven different companies, which was impermissible under Section 241. Additionally, the Petitioner failed to establish continuous acts of oppression or mismanagement required under Sections 241 and 242. Procedural irregularities, including improper identification of parties and failure to meet shareholding requirements, further undermined the petition. As a result, the Tribunal declared CP/41/KOB/2020 in its present form as not maintainable and disposed of IA/206/KOB/2020 accordingly. Case-Laws Companies Law Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404644