https://www.taxtmi.com/caselaws?id=468074 A company petition under Section 241 was noted to raise a maintainability objection under Section 244 because the petitioner allegedly held only 7.69% of shares, below the 10% threshold for invoking the Tribunal's jurisdiction. The appellate tribunal stated that it could not direct the adjudicating authority to decide matters within a fixed time, as roster control is not within its power, but it reiterated that the company petitions and pending interlocutory applications should be decided as expeditiously as possible. It also recorded that no opinion was expressed on the merits. en-us Fri, 10 Jan 2025 00:00:00 +0530 Wed, 15 Apr 2026 20:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468074 A company petition under Section 241 was noted to raise a maintainability objection under Section 244 because the petitioner allegedly held only 7.69% of shares, below the 10% threshold for invoking the Tribunal's jurisdiction. The appellate tribunal stated that it could not direct the adjudicating authority to decide matters within a fixed time, as roster control is not within its power, but it reiterated that the company petitions and pending interlocutory applications should be decided as expeditiously as possible. It also recorded that no opinion was expressed on the merits. Case-Laws Companies Law Fri, 10 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468074