Section 397 and 398 of the Companies Act: Are they still relevant?

Bhai log, I don't know about you, but have you read the recent amendment to Section 397 and 398 of the Companies Act? It seems like nobody needs to give any notice or permission to make a takeover bid anymore! What's the point of having a watchdog like the National Company Law Tribunal (NCLT) if the promoters can just bypass them?

I'm firmly with the "no" side - these sections shouldn't be made redundant. It's too easy for promoters to take control of a company without any accountability. The NCLT should be able to intervene in cases where there's a serious mismanagement or oppression. So, my question to you all: do you think these sections are still relevant, or should we just let the promoters do as they please?