https://www.taxtmi.com/caselaws?id=199477 The court dismissed the petition alleging oppression and mismanagement under sections 397/398 of the Companies Act, 1956. The judgment found no evidence of oppression or mismanagement, highlighting the lack of equal shareholding or joint management historically by the petitioners' group. The court rejected claims of unfair practices in rental income, emphasizing the need for convincing evidence and noting the delayed challenge to share allotments as raising questions of ignorance and delay in seeking remedies. The petition failed without costs awarded. en-us Fri, 20 Apr 2001 00:00:00 +0530 Thu, 01 Mar 2018 14:10:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199477 The court dismissed the petition alleging oppression and mismanagement under sections 397/398 of the Companies Act, 1956. The judgment found no evidence of oppression or mismanagement, highlighting the lack of equal shareholding or joint management historically by the petitioners' group. The court rejected claims of unfair practices in rental income, emphasizing the need for convincing evidence and noting the delayed challenge to share allotments as raising questions of ignorance and delay in seeking remedies. The petition failed without costs awarded. Case-Laws Companies Law Fri, 20 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199477