https://www.taxtmi.com/caselaws?id=108515 A company is not treated as State under Article 12 unless the recognised indicia of governmental ownership, financial support, monopoly, pervasive control, or public function are shown; on the facts, those indicia were absent, so Article 14 did not apply. A resolution withdrawing instalment facilities was found to have been applied uniformly to defaulting participants, and no selective or discriminatory enforcement against the appellant was established. A shareholder's right to power allocation under the memoranda was only a qualified contractual entitlement conditioned on payment, so disallocation for default did not amount to oppression and did not justify interim mandatory injunction relief. en-us Thu, 13 Mar 2003 00:00:00 +0530 Mon, 02 Apr 2012 10:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108515 A company is not treated as State under Article 12 unless the recognised indicia of governmental ownership, financial support, monopoly, pervasive control, or public function are shown; on the facts, those indicia were absent, so Article 14 did not apply. A resolution withdrawing instalment facilities was found to have been applied uniformly to defaulting participants, and no selective or discriminatory enforcement against the appellant was established. A shareholder's right to power allocation under the memoranda was only a qualified contractual entitlement conditioned on payment, so disallocation for default did not amount to oppression and did not justify interim mandatory injunction relief. Case-Laws Companies Law Thu, 13 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108515