Court Allows Substitution of Petitioners in Company Law Case Despite Share Qualification Issues.

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....Permission of substitution of petitioner - allegation of huge mismanagement against the company - the petition was validly filed by the original petitioners and therefore, only for applicants not having requisite share qualification to file the petition on their own on the date of filing of application under consideration, the applicants cannot be debarred from having their names substituted in place of deceased petitioner No. 1 in the company petition. - Tri....