Concessional Basic Customs Duty on Ethernet switches: classification as enterprise switches upheld, challenge dismissed for lack of substantial law qu...
Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
Whether challenged rights issues, consequent allotments and share transfers constituted oppression or mismanagement was considered; Tribunal held the Board acted within the Articles of Association and statutory powers in increasing authorised capital and making rights allotments, the contractual and statutory conditions were satisfied, and therefore the actions did not amount to oppression or mismanagement. An interim/anticipatory prayer to restrain loss of promoter status was dismissed as premature because it rested on apprehension without a concrete act; the appellants were left free to seek relief if an actual oppressive or mismanagement act occurs. Appeal dismissed.
Whether challenged rights issues, consequent allotments and share transfers constituted oppression or mismanagement was considered; Tribunal held the Board acted within the Articles of Association and statutory powers in increasing authorised capital and making rights allotments, the contractual and statutory conditions were satisfied, and therefore the actions did not amount to oppression or mismanagement. An interim/anticipatory prayer to restrain loss of promoter status was dismissed as premature because it rested on apprehension without a concrete act; the appellants were left free to seek relief if an actual oppressive or mismanagement act occurs. Appeal dismissed.
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