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        Case ID :
        Companies Law

        Oppression and mismanagement - illegal transfer of shares - this...

        Tribunal Waives Shareholding Requirement in Oppression Case, Allows Petition on Illegal Share Transfers to Proceed.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Oppression and mismanagement - illegal transfer of shares - this Tribunal is exercising its ample powers to waive the requisite shareholding percentage in order to maintain this petition even without filing a waiver application. - In spite of rescuing the Respondent Company in critical times, the petitioners were made to run from pillar to post to get their rightful share transfers as agreed to by the Respondent Nos. 2 to 8 which was clearly documented in various meetings and letters from joint Managing Director of the Company. Therefore, this Petition is hereby allowed. - Tri
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