https://www.taxtmi.com/caselaws?id=344186 The Tribunal dismissed the petition, finding no merit in the allegations of oppression and mismanagement. The petitioner lacked locus standi due to the absence of requisite shareholding and the petition was time-barred by delay and laches. The Tribunal emphasized that past acts without continuing consequences cannot invoke jurisdiction under Section 397 of the Companies Act, 1956. The petition was therefore dismissed, with pending applications disposed of accordingly. en-us Fri, 17 Mar 2017 00:00:00 +0530 Sat, 10 Jun 2017 05:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344186 The Tribunal dismissed the petition, finding no merit in the allegations of oppression and mismanagement. The petitioner lacked locus standi due to the absence of requisite shareholding and the petition was time-barred by delay and laches. The Tribunal emphasized that past acts without continuing consequences cannot invoke jurisdiction under Section 397 of the Companies Act, 1956. The petition was therefore dismissed, with pending applications disposed of accordingly. Case-Laws Companies Law Fri, 17 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344186