https://www.taxtmi.com/caselaws?id=417611 The revisions challenging the dismissal of applications seeking rejection of plaints under Order VII Rule 11(d) CPC were dismissed. The suits involving declaration of invalid sale deeds and oppression/mismanagement under the Companies Act, 2013 were not barred by law. The National Company Law Tribunal granted reliefs and ordered a forensic audit due to prima facie findings of oppression and mismanagement. The Tribunal lacked exclusive power to set aside the sale deeds beyond three months, and the bar under Section 430 did not extend to the pending suits before the Civil Court. The contentions raised were found to lack merit, leading to the dismissal of the revisions. en-us Thu, 25 Nov 2021 00:00:00 +0530 Fri, 28 Jan 2022 16:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417611 The revisions challenging the dismissal of applications seeking rejection of plaints under Order VII Rule 11(d) CPC were dismissed. The suits involving declaration of invalid sale deeds and oppression/mismanagement under the Companies Act, 2013 were not barred by law. The National Company Law Tribunal granted reliefs and ordered a forensic audit due to prima facie findings of oppression and mismanagement. The Tribunal lacked exclusive power to set aside the sale deeds beyond three months, and the bar under Section 430 did not extend to the pending suits before the Civil Court. The contentions raised were found to lack merit, leading to the dismissal of the revisions. Case-Laws Companies Law Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417611