#TataMistry Suit ‘not maintainable’, waiver arguments to be heard tomorrow

“The petitioners have failed to convince the court that the application is maintainable,” said Judicial Member BSV Prakash Kumar at Court Room 1, of the Mumbai Bench of National Company Law Tribunal (NCLT)

NCLT has held that the oppression and mismanagement suit filed by Cyrus Mistry's investment entities is not maintainable under Section 244 of the Companies Act, 2013 (Act).

Facebook Comment