Company Law

NCLT Order in the Tata-Mistry Battle: Setting out principles for making claims of Oppression and Mismanagement

On April 17, 2017, the newly formed National Companies Law Tribunal (Tribunal), Mumbai, issued an order rejecting the petition filed by companies controlled by Shapoorji Pallonji group, holding 18.37% of equity capital of Tata Sons Ltd. (collectively, Petitioners) claiming oppression and mismanagement under Sections 241, 242 and 244 of the Companies Act, 2013 (Act) against Tata Sons…

© Finsec Law Advisors | 2017
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