https://www.taxtmi.com/caselaws?id=195764 Where investor funds in a joint venture were routed into related entities controlled by the same person while the joint project remained dormant and the investor was denied information or audit, tribunals may grant interim protective measures under sections 397/398 to prevent oppression and prejudice. The article explains that such measures can include appointment of an independent auditor for the primary company and related entities, maintenance of status quo over shareholding, board composition and fixed assets, and limited restraint on creation of third party rights over specified land; related companies may be joined where they act as alter egos and receive investor funds without accountability. en-us Wed, 05 Mar 2014 00:00:00 +0530 Fri, 10 Nov 2017 08:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195764 Where investor funds in a joint venture were routed into related entities controlled by the same person while the joint project remained dormant and the investor was denied information or audit, tribunals may grant interim protective measures under sections 397/398 to prevent oppression and prejudice. The article explains that such measures can include appointment of an independent auditor for the primary company and related entities, maintenance of status quo over shareholding, board composition and fixed assets, and limited restraint on creation of third party rights over specified land; related companies may be joined where they act as alter egos and receive investor funds without accountability. Case-Laws Companies Law Wed, 05 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195764