https://www.taxtmi.com/caselaws?id=112192 The court found that Hungerford, no longer a shareholder of Turner Morrison due to the auction sale of its shares, could not proceed with the appeal. The auction sale of Hungerford's shares was deemed valid and legal, with no evidence of fraud. As Hungerford was no longer a shareholder, relief under section 397 of the Companies Act, 1956, was not available. The company petition alleging oppression and mismanagement was dismissed as it would serve no practical benefit to Hungerford. Turner Morrison's application to dismiss the company petition was allowed, and no costs were awarded. en-us Thu, 21 Jun 2007 00:00:00 +0530 Fri, 27 Apr 2012 10:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112192 The court found that Hungerford, no longer a shareholder of Turner Morrison due to the auction sale of its shares, could not proceed with the appeal. The auction sale of Hungerford's shares was deemed valid and legal, with no evidence of fraud. As Hungerford was no longer a shareholder, relief under section 397 of the Companies Act, 1956, was not available. The company petition alleging oppression and mismanagement was dismissed as it would serve no practical benefit to Hungerford. Turner Morrison's application to dismiss the company petition was allowed, and no costs were awarded. Case-Laws Companies Law Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112192