https://www.taxtmi.com/caselaws?id=197128 A party seeking equitable relief in oppression and mismanagement proceedings must show a subsisting right to maintain the petition, act without inordinate delay, and approach the forum with full and fair disclosure. Where the record shows signed resignation and transfer documents, acknowledgments of payment, and conduct consistent with acting on the transaction, the claimant cannot later deny the transfer merely by alleging irregularities in formalities. Unexplained long inactivity after the cause of action also defeats relief under the delay and laches doctrine. Suppression of material facts and lack of bona fides further justify refusal of discretionary relief for failure to come with clean hands. en-us Sat, 25 Mar 2017 00:00:00 +0530 Thu, 28 Dec 2017 07:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197128 A party seeking equitable relief in oppression and mismanagement proceedings must show a subsisting right to maintain the petition, act without inordinate delay, and approach the forum with full and fair disclosure. Where the record shows signed resignation and transfer documents, acknowledgments of payment, and conduct consistent with acting on the transaction, the claimant cannot later deny the transfer merely by alleging irregularities in formalities. Unexplained long inactivity after the cause of action also defeats relief under the delay and laches doctrine. Suppression of material facts and lack of bona fides further justify refusal of discretionary relief for failure to come with clean hands. Case-Laws Companies Law Sat, 25 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197128