https://www.taxtmi.com/caselaws?id=409008 The National Company Law Appellate Tribunal considered an appeal challenging the admission of a company petition by the National Company Law Tribunal without meeting the shareholding requirements under Section 244 of the Companies Act 2013. The appellant argued that the petition should have been dismissed due to the petitioner's insufficient shareholding and the absence of a proper application for waiving the eligibility criteria. The appellant emphasized the tribunal's error in admitting the petition and stressed the importance of complying with statutory provisions before proceeding with the case. The appeal highlighted the need to address the pending application for waiver of eligibility criteria before further proceedings. en-us Thu, 24 Jun 2021 00:00:00 +0530 Sat, 26 Jun 2021 07:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409008 The National Company Law Appellate Tribunal considered an appeal challenging the admission of a company petition by the National Company Law Tribunal without meeting the shareholding requirements under Section 244 of the Companies Act 2013. The appellant argued that the petition should have been dismissed due to the petitioner's insufficient shareholding and the absence of a proper application for waiving the eligibility criteria. The appellant emphasized the tribunal's error in admitting the petition and stressed the importance of complying with statutory provisions before proceeding with the case. The appeal highlighted the need to address the pending application for waiver of eligibility criteria before further proceedings. Case-Laws Companies Law Thu, 24 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409008