Rulings
NCLT: Dismisses amendment application for impleadment of additional grounds
NCLT: Removal of Director by majority after due-compliance with requisite procedure not oppressive
NCLT: Constitutes three members Committee to amicably resolve disputes between parties
NCLT: Dismisses oppression/ mismanagement petition however allows petitioner’s representation on Board
HC: Declares unilaterally appointed arbitrator’s award null and void u/s 21 of Arbitration and Conciliation Act
NCLT: Mandates convening of shareholders meeting for approving amalgamation despite receipt of consent letters
HC: Share allotment for becoming majority shareholder under the guise of “financial doldrums” impermissible
NCLT: Can’t interpret oppression/mismanagement provisions ‘purposively’; ‘Cause of Action’ & ‘Qualification’ not inalienable rights
NCLT: Prohibits allotment of equity shares without invitation to general public; Directs compounding
NCLAT: directs ROC to evaluate if Appellant-Company can be charged for fraud for default in repaying deposits
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