Remedies against ‘Oppression and Mismanagement’ are non-arbitral and can be adjudicated by NCLT/ NCLAT

Indus Motor Company Private Limited Vs T.P. Anilkumar (NCLAT Delhi) NCLAT Delhi held that reliefs prayed for in the Company Petition against ‘Oppression and Mismanagement’ could only be adjudicated by a Court/Tribunal of competent jurisdiction, which in the present case is the NCLT/NCLAT under Sections 241 & 242 of the Act. Facts- Aggrieved by the Impugned Order whereby and where under the NCLT (National Company Law Tribunal, Kochi Bench, Kochi) has dismissed the Application filed by the Applicant/Appellant/`M/s. Indus Motor Company Private Limited’, for referring the matter to an Ar...