https://www.taxtmi.com/caselaws?id=408449 The Tribunal held that the Petitioner, a non-profit company, lacked standing to file a petition under Section 213 of the Companies Act, 2013, as it was not a member, creditor, or depositor of the Respondent Company. The Tribunal found the allegations of fraudulent activities and mismanagement to be unsupported and noted the Petitioner's history of unsuccessful litigation in other courts. Additionally, the Tribunal considered the adverse orders from various courts against the Petitioner, concluding that it engaged in speculative and vexatious litigation. As a result, the petition was dismissed, and pending applications were deemed moot, with no costs awarded. en-us Fri, 28 May 2021 00:00:00 +0530 Fri, 11 Jun 2021 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408449 The Tribunal held that the Petitioner, a non-profit company, lacked standing to file a petition under Section 213 of the Companies Act, 2013, as it was not a member, creditor, or depositor of the Respondent Company. The Tribunal found the allegations of fraudulent activities and mismanagement to be unsupported and noted the Petitioner's history of unsuccessful litigation in other courts. Additionally, the Tribunal considered the adverse orders from various courts against the Petitioner, concluding that it engaged in speculative and vexatious litigation. As a result, the petition was dismissed, and pending applications were deemed moot, with no costs awarded. Case-Laws Companies Law Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408449