https://www.taxtmi.com/caselaws?id=781889 A waiver under the proviso to Section 244(1) of the Companies Act, 2013 must be expressly granted by a judicial order before a member below the statutory threshold can maintain proceedings under Sections 241 and 242. Consensual appointment of a valuer, receipt of the valuation report, and opportunity to object were treated only as steps in a settlement exercise and did not satisfy the mandatory waiver requirement. A rectification order correcting an inadvertent inconsistency in the recording of the parties' stance on valuation was confined to a clerical correction and did not affect substantive rights. The appeals therefore failed, leaving the oppression and mismanagement petition unable to proceed on merits. en-us Mon, 18 Aug 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781889 A waiver under the proviso to Section 244(1) of the Companies Act, 2013 must be expressly granted by a judicial order before a member below the statutory threshold can maintain proceedings under Sections 241 and 242. Consensual appointment of a valuer, receipt of the valuation report, and opportunity to object were treated only as steps in a settlement exercise and did not satisfy the mandatory waiver requirement. A rectification order correcting an inadvertent inconsistency in the recording of the parties' stance on valuation was confined to a clerical correction and did not affect substantive rights. The appeals therefore failed, leaving the oppression and mismanagement petition unable to proceed on merits. Case-Laws Companies Law Mon, 18 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781889