https://www.taxtmi.com/caselaws?id=773074 The SC examined key issues regarding investigation petitions under the LLP Act, 2008. The court upheld the mandatory requirement of one-fifth partners for filing an investigation petition and rejected attempts to invoke Companies Act provisions for waiver. While dismissing the current petition on eligibility grounds, the court clarified that NCLT retains power to conduct suo motu investigations if future petitions present substantive evidence warranting inquiry. The ruling emphasizes strict adherence to statutory conditions in LLP proceedings. en-us Mon, 10 Feb 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773074 The SC examined key issues regarding investigation petitions under the LLP Act, 2008. The court upheld the mandatory requirement of one-fifth partners for filing an investigation petition and rejected attempts to invoke Companies Act provisions for waiver. While dismissing the current petition on eligibility grounds, the court clarified that NCLT retains power to conduct suo motu investigations if future petitions present substantive evidence warranting inquiry. The ruling emphasizes strict adherence to statutory conditions in LLP proceedings. Case-Laws Companies Law Mon, 10 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773074