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Waiver allowed to shareholder having less than 10% shareholding to file oppression plea was to be set side : NCLAT

September 16, 2019[2019] 108 503 (NCL-AT)

COMPANY LAW: Where Tribunal by impugned order granted 'waiver' of requirements under section 244 to shareholder of company having less than 10 per cent shareholding in company for purpose of filing oppression and mismanagement application without considering any exceptional circumstances, said order was to be set aside

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