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2019 (10) TMI 1275 - Tri - Companies LawConsensus to allow RI company to proceed with infusion of funds through debt and equity and also to hold Board Meetings subject to keeping infusion of funds with regard to disputed shareholding - HELD THAT - Since the Petitioner side as well as the Respondent side are required to infuse funds, for both the parties have agreed to subscribe funds proportionate to their undisputed shareholding within 45 days from hereof, list this main CP/20/2018 for hearing in 04.12.2019. Application disposed off.
The National Company Law Tribunal, Chennai directed RI company to proceed with infusion of funds through debt and equity and to hold Board Meetings, keeping disputed shareholding in abeyance. Both parties agreed to subscribe funds proportionate to their undisputed shareholding within 45 days. The Tribunal disposed of IA/252/2018 and IA/421/2019 based on the consensus. Case listed for hearing on 04.12.2019.
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