https://www.taxtmi.com/caselaws?id=221966 The company petition was dismissed as not maintainable under Section 399 of the Companies Act, 1956, as the petitioner did not hold 1/10th of the paid-up share capital required. The court found that the petitioner's claim to additional shares did not impact the current shareholding status, and the shares issued to another entity had not been redeemed. The petition did not challenge any dilution of the petitioner's shareholding, leading to the dismissal of the petition with no orders as to costs. en-us Mon, 24 Dec 2012 00:00:00 +0530 Mon, 08 Apr 2013 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221966 The company petition was dismissed as not maintainable under Section 399 of the Companies Act, 1956, as the petitioner did not hold 1/10th of the paid-up share capital required. The court found that the petitioner's claim to additional shares did not impact the current shareholding status, and the shares issued to another entity had not been redeemed. The petition did not challenge any dilution of the petitioner's shareholding, leading to the dismissal of the petition with no orders as to costs. Case-Laws Companies Law Mon, 24 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221966