https://www.taxtmi.com/caselaws?id=198600 The petition was dismissed by the Board due to non-maintainability and lack of merit. The petitioner failed to meet the requirements of Section 399 of the Companies Act and could not substantiate claims of oppression and mismanagement. The validity of board meetings and the allotment of further shares was upheld. The petitioner's requested reliefs were denied, and the Board suggested a compromise for compensation, which the petitioner declined. No order as to costs was made in the dismissal. en-us Tue, 11 Nov 1997 00:00:00 +0530 Mon, 05 Feb 2018 16:44:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198600 The petition was dismissed by the Board due to non-maintainability and lack of merit. The petitioner failed to meet the requirements of Section 399 of the Companies Act and could not substantiate claims of oppression and mismanagement. The validity of board meetings and the allotment of further shares was upheld. The petitioner's requested reliefs were denied, and the Board suggested a compromise for compensation, which the petitioner declined. No order as to costs was made in the dismissal. Case-Laws Companies Law Tue, 11 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198600