https://www.taxtmi.com/caselaws?id=336981 Proceedings alleging oppression, mismanagement, illegal induction of directors and reduction of shareholding were held time-barred because the Limitation Act applied to Tribunal proceedings under Section 433 of the Companies Act, 2013. As the grievances did not fall under a specific Schedule article, residuary Article 113 governed and a three-year period ran from accrual of the right to sue. The Tribunal treated oppression and mismanagement proceedings as akin to a suit, with its order executable like a decree under Sections 424 and 425. On the petitioner's own facts, the impugned acts and knowledge arose long before filing, and illness did not justify extension of time; the plea of continuing cause of action was rejected. en-us Thu, 20 Oct 2016 00:00:00 +0530 Wed, 03 Jan 2018 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336981 Proceedings alleging oppression, mismanagement, illegal induction of directors and reduction of shareholding were held time-barred because the Limitation Act applied to Tribunal proceedings under Section 433 of the Companies Act, 2013. As the grievances did not fall under a specific Schedule article, residuary Article 113 governed and a three-year period ran from accrual of the right to sue. The Tribunal treated oppression and mismanagement proceedings as akin to a suit, with its order executable like a decree under Sections 424 and 425. On the petitioner's own facts, the impugned acts and knowledge arose long before filing, and illness did not justify extension of time; the plea of continuing cause of action was rejected. Case-Laws Insolvency and Bankruptcy Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336981