https://www.taxtmi.com/caselaws?id=277553 The Tribunal found that the actions of the 2nd and 3rd Respondents amounted to oppression and mismanagement, leading to a reduction in the Petitioner's shareholding. The increase in share capital and share allotments were declared illegal and set aside due to violations of the Companies Act and Articles of Association. Despite arguments on the maintainability of the petition, the Tribunal held it to be valid. The Tribunal's orders provided appropriate relief, including setting aside illegal allotments and re-allotment of shares, resulting in the dismissal of appeals without further relief granted. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sun, 09 Dec 2018 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277553 The Tribunal found that the actions of the 2nd and 3rd Respondents amounted to oppression and mismanagement, leading to a reduction in the Petitioner's shareholding. The increase in share capital and share allotments were declared illegal and set aside due to violations of the Companies Act and Articles of Association. Despite arguments on the maintainability of the petition, the Tribunal held it to be valid. The Tribunal's orders provided appropriate relief, including setting aside illegal allotments and re-allotment of shares, resulting in the dismissal of appeals without further relief granted. Case-Laws Companies Law Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277553