Powers of National Company Law Tribunals (NCLT)
The power of the tribunal is enshrined under the section 242 (1). Under the said section tribunal is empowered to make any order as it may think deem fit and with a view to end any matters complained in section 241 of the Companies Act, 2013.
There are certain things which tribunals need to satisfy before passing any order. They are as follows:
1. The companies affair have been/being subjected to a manner prejudicial/ oppressive to any member(s) or the interest of the company
2. To wind up the company would affect the member(s) but that otherwise the fact would justify the winding-up order on the ground that it was fair and equitable that the company should be wound up.
