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NATIONAL COMPANY LAW TRIBUNAL
Mr. Harnam Singh Thakur, Mr. Umesh Kumar Shukla, JJ
Shri Ravinder Kumar Magoo – Appellant
Versus
AMA India Enterprises Private Limited – Respondent
| Table of Content |
|---|
| 1. original petitioner held shares and filed petitions under oppression. (Para 2) |
| 2. settlement agreement reached for payment and reduction of shares. (Para 8) |
| 3. court outlines relevant provisions of companies act. (Para 10 , 11) |
| 4. review of earlier orders and implications for share capital. (Para 12 , 13) |
| 5. court's decision against the reduction of share capital. (Para 14) |
ORDER
This Interlocutory Application (hereinafter referred to as the “IA”) has been filed, vide Diary No. 3501 dated 25.10.2023, under Rule 11 of the National Company Law Tribunal Rules, 2016 (hereinafter referred to as the “NCLT Rules”) by AMA India Enterprises Private Limited (hereinafter referred to as the “Applicant Company”) through its authorised representative against the Mr. Rishi Magoo (hereinafter referred to as the “Respondent No.1”), Mrs. Asha Magoo (hereinafter referred to as the “Respondent No.2”) and Mrs. Neelima Malhotra (hereinafter referred to as the “Respondent No.3”) (hereinafter collectively referred to as the “Respondents”) in respect to the Company Applications (hereinafter referred to as the “ CA ”), bearing C.A. No.80/2022 and 81/2022, which were filed by the Applicant Comp
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