Tribunal Waives Compliance with Section 244(1) of Companies Act to Allow Oppression and Mismanagement Case to Proceed.

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....Oppression and mismanagement - Waiver of compliance of Section 244(1) of the Companies Act - The Tribunal, has exercised its discretion and opined that a meritorious litigation cannot be thrown at threshold without examining the merits of the case and further observed that the First Respondent / Petitioner had made out a prima facie case to entertain the main company petition for its final adjudication - AT....