Section 273 of CA 2013 : Section 273: Powers Of Tribunal
CA 2013
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Explanation using Example
Imagine a scenario where a group of shareholders of XYZ Pvt. Ltd. are dissatisfied with the management's actions, which they believe are detrimental to the company and its shareholders. They decide to file a petition for the winding up of the company under section 272 of the Companies Act, 2013, claiming that it is just and equitable to do so.
Upon receiving the petition, the National Company Law Tribunal (NCLT) has several options under Section 273:
- The NCLT may dismiss the petition if it finds no merit in the case, possibly imposing costs on the petitioners for bringing a frivolous case.
- It may issue interim orders to protect the company's assets or maintai...
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