The National Company Law Tribunal (NCLT) Chandigarh bench, comprising Justice Dr. P.S.N. Prasad (Judicial Member) and Justice Umesh Kumar Shukla (Technical Member), has held that the requirement of satisfying the minimum threshold of either 10% or 100 allottees will be applicable to any amount raised from an allottee, irrespective of whether the said allottee is alleging the default...
