NCLAT held that the purpose of Section 241 of the Companies Act, 2013 cannot be equated with Section 7 of the Code, 2016. Similarly, the powers of the Tribunal under Section 242 of the Companies Act, 2013 w.r.t oppression and mismanagement are quite comprehensive in comparison to Section 7 which grants limited powers to the Adjudicating Authority of either acceptance or rejection of the claims made by the Financial Creditor based on details of claims along with evidence produced by him. As such we find that the petitions made under Section 241 of the Companies Act, 2013 cannot be equated with Application filed under Section 7 of the Code, 2016 and the Adjudicating Authority is required to treat these petitions on a separate footing as per law and take decision accordingly.