NCLAT referred matter back to NCLT as allegation in an oppression plea consisted mixed question of law and facts

COMPANY LAW : Where appellant filed a petition under sections 241 and 242 before NCLT seeking injunction against respondent from proceedings with rights issue stating that it was being issued with a motive to dilute shareholding of appellant in respondent company and NCLT ordered status quo without passing any order on merits of case, matter was remanded to NCLT for decision as allegation of oppression and mismanagement consisted of mixed question of law and factCOMPANY LAW : Where appellant filed a petition under sections 241 and 242 before NCLT seeking injunction against respondent from proceedings with rights issue stating that it was being issued with a motive to dilute shareholding of appellant in respondent company and NCLT ordered status quo without passing any order on merits of case, matter was remanded to NCLT for decision as allegation of oppression and mismanagement consisted of mixed question of law and factwww.taxmann.com Latest Case LawsRead More

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