https://www.taxtmi.com/caselaws?id=111888 A petition alleging oppression and mismanagement could not be rejected at the threshold on a bare locus objection where the pleaded facts raised a substantial dispute over refusal to transmit a deceased member's majority shareholding, alleged irregular allotments, and reduction of the petitioner's holding, all matters requiring evidence. The court also held that a share nomination under the statutory scheme is effective only if made in the prescribed manner, including attestation; an -compliant nomination does not override succession rights under ordinary law. The preliminary objection failed, the nomination was invalid, and the matter was directed to proceed on merits. en-us Wed, 02 Jul 2008 00:00:00 +0530 Fri, 05 Dec 2014 13:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111888 A petition alleging oppression and mismanagement could not be rejected at the threshold on a bare locus objection where the pleaded facts raised a substantial dispute over refusal to transmit a deceased member's majority shareholding, alleged irregular allotments, and reduction of the petitioner's holding, all matters requiring evidence. The court also held that a share nomination under the statutory scheme is effective only if made in the prescribed manner, including attestation; an -compliant nomination does not override succession rights under ordinary law. The preliminary objection failed, the nomination was invalid, and the matter was directed to proceed on merits. Case-Laws Companies Law Wed, 02 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111888