https://www.taxtmi.com/caselaws?id=371193 The Court dismissed the suit seeking a declaration of illegal shareholding and a mandatory injunction, noting that the restriction on share purchase was not perpetual. The Court vacated the interim injunction, finding no violation of the Inter Se Agreement. It held that the alleged fraud was immaterial and that the suit was time-barred, denying the benefit of Section 14(1) of the Limitation Act. The Court allowed applications under Order 39 Rule 4 CPC and Order 7 Rule 11 CPC, dismissing the suit and injunction application with costs. en-us Mon, 15 Oct 2018 00:00:00 +0530 Thu, 29 Nov 2018 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371193 The Court dismissed the suit seeking a declaration of illegal shareholding and a mandatory injunction, noting that the restriction on share purchase was not perpetual. The Court vacated the interim injunction, finding no violation of the Inter Se Agreement. It held that the alleged fraud was immaterial and that the suit was time-barred, denying the benefit of Section 14(1) of the Limitation Act. The Court allowed applications under Order 39 Rule 4 CPC and Order 7 Rule 11 CPC, dismissing the suit and injunction application with costs. Case-Laws Companies Law Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371193