https://www.taxtmi.com/caselaws?id=111340 The High Court upheld the decision of the CLB, dismissing the appeals related to agreements dated 19-5-1997 involving share transfers and allegations of oppression and mismanagement under the Companies Act. The court found that the Mehras' failure to enforce their rights under the agreements, delay in seeking relief, and the pendency of a civil suit indicated acquiescence and lack of intention to effectuate the agreements. The court emphasized that the issues should be determined in the civil suit, and the appeals were dismissed with no costs awarded. en-us Mon, 30 Oct 2006 00:00:00 +0530 Mon, 23 Apr 2012 11:16:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111340 The High Court upheld the decision of the CLB, dismissing the appeals related to agreements dated 19-5-1997 involving share transfers and allegations of oppression and mismanagement under the Companies Act. The court found that the Mehras' failure to enforce their rights under the agreements, delay in seeking relief, and the pendency of a civil suit indicated acquiescence and lack of intention to effectuate the agreements. The court emphasized that the issues should be determined in the civil suit, and the appeals were dismissed with no costs awarded. Case-Laws Companies Law Mon, 30 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111340