NCLT Dismissed Petition for Failure to Prove Oppression & Mismanagement

Satyanarayan Gupta Vs Shivangan Realestate PVT. LTD (NCLT Jaipur) The petition was filed under Sections 59, 89, 241, 242 read with Section 244 of the Companies Act, 2013, alleging oppression and mismanagement in the affairs of the respondent company by its directors. After considering the pleadings and circumstances, the Tribunal found that no case of oppression or mismanagement was made out. It held that the statutory provisions relied upon did not support the petitioner’s claims. Consequently, the petition was dismissed at the threshold and disposed of in limine by the National Company La...