https://www.taxtmi.com/caselaws?id=368808 The court dismissed the petitioner's interlocutory application seeking an injunction against a proposed demerger, citing lack of jurisdiction under the Companies Act, 2013. The court noted the petitioner's minimal shareholding and lack of evidence for mismanagement or oppression, ruling the derivative claim lacked merit. The court emphasized the petitioner's forum-shopping tactics and lack of significant voting power, ultimately denying the interlocutory reliefs sought under the Specific Relief Act. The decision was made solely for the interlocutory application without binding effect on further proceedings. en-us Fri, 12 Oct 2018 00:00:00 +0530 Mon, 15 Oct 2018 14:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368808 The court dismissed the petitioner's interlocutory application seeking an injunction against a proposed demerger, citing lack of jurisdiction under the Companies Act, 2013. The court noted the petitioner's minimal shareholding and lack of evidence for mismanagement or oppression, ruling the derivative claim lacked merit. The court emphasized the petitioner's forum-shopping tactics and lack of significant voting power, ultimately denying the interlocutory reliefs sought under the Specific Relief Act. The decision was made solely for the interlocutory application without binding effect on further proceedings. Case-Laws Companies Law Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368808