https://www.taxtmi.com/caselaws?id=764092 NCLAT Principal Bench allowed appeal against NCLT dismissal of petition under Section 241 of Companies Act, 2013. NCLT had dismissed petition finding it did not meet Section 244 criteria. NCLAT held that with 30 total members in company and 4 petitioners filing petition, the condition of "not less than 1/10 of total members" under Section 244(b) was satisfied, making the petition maintainable. Appeal allowed. en-us Thu, 02 Jan 2025 00:00:00 +0530 Fri, 03 Jan 2025 08:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764092 NCLAT Principal Bench allowed appeal against NCLT dismissal of petition under Section 241 of Companies Act, 2013. NCLT had dismissed petition finding it did not meet Section 244 criteria. NCLAT held that with 30 total members in company and 4 petitioners filing petition, the condition of "not less than 1/10 of total members" under Section 244(b) was satisfied, making the petition maintainable. Appeal allowed. Case-Laws Companies Law Thu, 02 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764092