{"id":125731,"date":"2017-04-19T15:26:26","date_gmt":"2017-04-19T09:56:26","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=125731"},"modified":"2017-04-19T15:26:26","modified_gmt":"2017-04-19T09:56:26","slug":"nclt-dismisses-cyrus-mistrys-waiver-petition","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/19\/nclt-dismisses-cyrus-mistrys-waiver-petition\/","title":{"rendered":"NCLT dismisses Cyrus Mistry’s waiver petition"},"content":{"rendered":"

As reported,\u00a0 the Mumbai Bench of the \u00a0National Company Law Tribunal (NCLT) headed by Member B.S.V. Kumar refused to grant a waiver to Cyrus Mistry family firms from the minimum shareholding requirement for filing a petition. NCLT also dismissed the main petition filed by the two entities \u2013 Cyrus Investments Pvt. Ltd. and Sterling Investment Corporation Pvt. Ltd. alleging mismanagement and oppression of minority shareholders at Tata Sons Ltd. In an oral order, the two-member Bench dismissed the waiver petition and the main petition. The Tribunal had earlier ruled that the petition was not maintainable but decided to hear the matter to decide if a waiver could be granted.<\/p>\n

Source: The Hindu<\/p>\n","protected":false},"excerpt":{"rendered":"

As reported,\u00a0 the Mumbai Bench of the \u00a0National Company Law Tribunal (NCLT) headed by Member B.S.V. Kumar refused to grant a waiver <\/p>\n","protected":false},"author":91,"featured_media":125791,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-125731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hot_off_the_press","category-news"],"yoast_head":"\nNCLT dismisses Cyrus Mistry's waiver petition | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/19\/nclt-dismisses-cyrus-mistrys-waiver-petition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NCLT dismisses Cyrus Mistry's waiver petition\" \/>\n<meta property=\"og:description\" content=\"As reported,\u00a0 the Mumbai Bench of the \u00a0National Company Law Tribunal (NCLT) headed by Member B.S.V. 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