https://www.taxtmi.com/caselaws?id=375342 A company petition alleging oppression and mismanagement was held maintainable where the pleadings showed disputed meetings, contested allotments, shifting control, and interference with the company's principal asset; the Company Law Board had wrongly treated the matter as a mere claim for specific performance, and the impugned meetings, resolutions, altered shareholding and transfer chain were declared void or ineffective with restorative relief. A recorded assurance not to disturb the subject matter of the dispute was treated as an undertaking to preserve status quo; its breach by dealings with the property amounted to contempt, though the matter was concluded by requiring apologies and acquitting the remaining alleged contemnors. en-us Fri, 18 Jan 2019 00:00:00 +0530 Mon, 18 Feb 2019 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375342 A company petition alleging oppression and mismanagement was held maintainable where the pleadings showed disputed meetings, contested allotments, shifting control, and interference with the company's principal asset; the Company Law Board had wrongly treated the matter as a mere claim for specific performance, and the impugned meetings, resolutions, altered shareholding and transfer chain were declared void or ineffective with restorative relief. A recorded assurance not to disturb the subject matter of the dispute was treated as an undertaking to preserve status quo; its breach by dealings with the property amounted to contempt, though the matter was concluded by requiring apologies and acquitting the remaining alleged contemnors. Case-Laws Companies Law Fri, 18 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375342