https://www.taxtmi.com/caselaws?id=170787 The petition challenging the redemption of preference shares was dismissed as the petitioners were found to no longer be shareholders, lacking the standing to file the petition. Allegations of oppression, mismanagement, and misappropriation of funds were not substantiated, with the Board determining that the company had acted within its rights and obligations. The petition seemed motivated by personal interests, and attempts at an amicable settlement failed. No costs were awarded in the case. en-us Wed, 30 Sep 1998 00:00:00 +0530 Mon, 15 Jun 2015 14:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170787 The petition challenging the redemption of preference shares was dismissed as the petitioners were found to no longer be shareholders, lacking the standing to file the petition. Allegations of oppression, mismanagement, and misappropriation of funds were not substantiated, with the Board determining that the company had acted within its rights and obligations. The petition seemed motivated by personal interests, and attempts at an amicable settlement failed. No costs were awarded in the case. Case-Laws Companies Law Wed, 30 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170787