Petitions filed in the National Company Law Tribunal (NCLT) 🚨

 

Petitions that are commonly filed in the National Company Law Tribunal (NCLT) in India include:

1. Insolvency petitions - filed by creditors or debtors seeking to initiate the insolvency resolution process for a company that has defaulted on its financial obligations.
2. Merger and acquisition petitions - filed by companies seeking approval for a merger or acquisition from the NCLT as per the Companies Act, 2013.
3. Winding-up petitions - filed by creditors or members of a company seeking to initiate the winding-up process if the company is unable to pay its debts.
4. Oppression and mismanagement petitions - filed by shareholders, directors or members of a company alleging that the company's affairs are being conducted in a manner that is oppressive or prejudicial to their interests.
5. Conversion of public companies into private companies - filed by public companies seeking to convert to private companies as per the provisions of the Companies Act, 2013.
6. Reduction of share capital - filed by companies seeking to reduce their share capital as per the provisions of the Companies Act, 2013.
7. Compounding of offences - filed by companies seeking to settle offences committed under the Companies Act, 2013 with the approval of the NCLT.
8. Rectification of register of members - filed by companies seeking to rectify errors in the register of members maintained by them.
9. Disqualification of directors - filed by the Registrar of Companies or shareholders of a company seeking to disqualify a director from holding office in any company.
10. Any other applications or petitions under the Companies Act, 2013 or any other relevant laws.