Case Law Analysis
|National Company Law Appellate Tribunal
Section 242(4) Companies Act | Right to File Para-Wise Reply After Remand is Absolute : NCLAT Upholds Natural Justice in Oppression & Mismanagement Cases
NCLAT rules that parties in oppression and mismanagement proceedings under Section 242(4) of the Companies Act have an absolute right to file a detailed para-wise reply after remand, reinforcing principles of natural justice. The judgment clarifies that this right cannot be denied even if procedural defects exist, ensuring fair adjudication in corporate disputes.