NCLT Allows Amendment Due to Continuing Oppression & Mismanagement

Moniveda Consultants LLP Vs Shajas Developers Private Limited & Ors. (NCLT Mumbai) The National Company Law Tribunal (NCLT), Mumbai Bench, allowed an application seeking amendment of a company petition filed under Sections 241, 242, 244 and 59 of the Companies Act, 2013, holding that the proposed amendments were connected with the original allegations of oppression and mismanagement and were necessary for effective adjudication of the dispute. The applicants contended that the amendments were required to place on record subsequent developments that had occurred during the pendency of proce...