https://www.taxtmi.com/caselaws?id=193932 The Tribunal dismissed the petition due to delay and laches, emphasizing the importance of timely action in legal proceedings. The petitioner's claims of oppression, mismanagement, illegal share allotments, and dividend reductions were deemed untimely, with third-party rights intervening. The judgment highlighted the need for vigilance in protecting rights and the dismissal was based on the significant delay and lack of reasonable explanation, with costs of Rs. 25,000 payable to the respondents. en-us Thu, 22 Dec 2016 00:00:00 +0530 Fri, 22 Jun 2018 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193932 The Tribunal dismissed the petition due to delay and laches, emphasizing the importance of timely action in legal proceedings. The petitioner's claims of oppression, mismanagement, illegal share allotments, and dividend reductions were deemed untimely, with third-party rights intervening. The judgment highlighted the need for vigilance in protecting rights and the dismissal was based on the significant delay and lack of reasonable explanation, with costs of Rs. 25,000 payable to the respondents. Case-Laws Companies Law Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193932