https://www.taxtmi.com/caselaws?id=195023 The petition was dismissed by the Board for non-compliance with the shareholding requirement under Section 399 of the Companies Act, 1956, as the petitioner's claimed shares did not meet the 10% threshold. Additionally, the allegations of oppression and mismanagement were not substantiated, with the Board finding no breach of fiduciary duties in the disputed land sale or share issuance. Consequently, the lack of evidence supporting the allegations led to the dismissal of the petition. en-us Mon, 06 Oct 2003 00:00:00 +0530 Wed, 11 Oct 2017 18:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195023 The petition was dismissed by the Board for non-compliance with the shareholding requirement under Section 399 of the Companies Act, 1956, as the petitioner's claimed shares did not meet the 10% threshold. Additionally, the allegations of oppression and mismanagement were not substantiated, with the Board finding no breach of fiduciary duties in the disputed land sale or share issuance. Consequently, the lack of evidence supporting the allegations led to the dismissal of the petition. Case-Laws Indian Laws Mon, 06 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195023