https://www.taxtmi.com/caselaws?id=429457 The Company Petition filed by M/s MFAR Hotels & Resorts Private Limited seeking permission to issue further redeemable preference shares for 5 years was granted by the National Company Law Tribunal. The Tribunal found the petition compliant with legal criteria, including obtaining consent from preference shareholders and approval from the Tribunal itself. The relief was allowed, permitting the issuance of the shares and directing the Petitioner to submit the Order to the Registrar of Companies, Kerala. The Petition was disposed of without costs, with a certified copy of the Order to be issued upon completion of formalities. en-us Wed, 19 Oct 2022 00:00:00 +0530 Fri, 28 Oct 2022 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429457 The Company Petition filed by M/s MFAR Hotels & Resorts Private Limited seeking permission to issue further redeemable preference shares for 5 years was granted by the National Company Law Tribunal. The Tribunal found the petition compliant with legal criteria, including obtaining consent from preference shareholders and approval from the Tribunal itself. The relief was allowed, permitting the issuance of the shares and directing the Petitioner to submit the Order to the Registrar of Companies, Kerala. The Petition was disposed of without costs, with a certified copy of the Order to be issued upon completion of formalities. Case-Laws Companies Law Wed, 19 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429457