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Does NCLT have powers to grant relief even if the complainant does not make out a case for oppression and mismanagement? The Case of Needle Industries is an example of the powers of the NCLT (Formerly CLB).

March 30, 2020

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Ajay Private Limited is a holding company of Vijay Private Limited pursuant to transfer of shares. Vijay Private Limited rejected to enter the name of Ajay Private Limited in the register of members on unjustifiable grounds and without sufficient cause. Whether the petition filed by the holding company Ajay Private Limited will be maintainable under…

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What are the consequences if a group of members have formed an alliance to stop the company from entering into an agreement which they are not interested and hence have made frivolous objections and filed an application to the tribunal to abstain the company from entering into the agreement?

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