Deceased’s Legal Representative Can Participate in Sec. 241/242 Proceedings without becoming member of company

Ambadi Investments Limited Vs Valli Arunachalam (NCLAT) NCLAT Chennai held that there is `no Law’, which specifically envisages that unless, the `Legal Representatives’, become `Members’ of a `Company’, the `Legal Representatives’, of the `Deceased’, shall not become a `Party’, to the `Proceedings’, under Section 241 and 242 of the Companies Act, 2013. Facts- The Appellant has filed the instant Comp. App. before this Tribunal on being dissatisfied with the impugned order passed by National Company Law Tribunal. Notably, after the demise of the original 1st Petitioner Mrs. M.V. ...