https://www.taxtmi.com/caselaws?id=101841 SC upheld the HC's decision that legal heirs of a deceased shareholder, whose name continues on the register of members, are entitled to maintain a petition under ss. 397 and 398 of the Companies Act for oppression and mismanagement, even though their own names are not yet entered in the register. The Court rejected the contention that allowing such petitions would open the door to claims by mere holders of blank transfer forms. SC further held that a composite petition under ss. 397, 398 and 433(f) (just and equitable winding up) is maintainable, as the required averments are not mutually destructive. The appeal was dismissed. en-us Tue, 19 Dec 1989 00:00:00 +0530 Thu, 04 Dec 2025 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101841 SC upheld the HC's decision that legal heirs of a deceased shareholder, whose name continues on the register of members, are entitled to maintain a petition under ss. 397 and 398 of the Companies Act for oppression and mismanagement, even though their own names are not yet entered in the register. The Court rejected the contention that allowing such petitions would open the door to claims by mere holders of blank transfer forms. SC further held that a composite petition under ss. 397, 398 and 433(f) (just and equitable winding up) is maintainable, as the required averments are not mutually destructive. The appeal was dismissed. Case-Laws Companies Law Tue, 19 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101841