https://www.taxtmi.com/caselaws?id=175025 The Board found in favor of the respondents, ruling that the alleged wrongful transmission of shares was in accordance with the company's articles of association and did not constitute oppression or mismanagement. The accusations of siphoning off funds and employing bogus employees were deemed unsubstantiated and motivated, with the petitioner's ulterior motive for seeking relief under sections 397/398 highlighted. The petition was dismissed, emphasizing that such relief should aim to end acts of oppression and mismanagement, not serve personal interests. en-us Wed, 17 Nov 1999 00:00:00 +0530 Tue, 03 Nov 2015 16:03:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175025 The Board found in favor of the respondents, ruling that the alleged wrongful transmission of shares was in accordance with the company's articles of association and did not constitute oppression or mismanagement. The accusations of siphoning off funds and employing bogus employees were deemed unsubstantiated and motivated, with the petitioner's ulterior motive for seeking relief under sections 397/398 highlighted. The petition was dismissed, emphasizing that such relief should aim to end acts of oppression and mismanagement, not serve personal interests. Case-Laws Companies Law Wed, 17 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175025