https://www.taxtmi.com/caselaws?id=279795 The court found in favor of the petitioner, holding that the respondents engaged in continuous oppression and mismanagement, leading to the reduction of the petitioner's majority shareholding and causing financial loss. The court set aside the illegal increase and allotment of shares, ordered an investigative audit to determine the siphoned-off funds, and declared the notice for the EGM as illegal and unwarranted. The petition was disposed of with no order as to the cost of litigation. en-us Mon, 23 Jun 2008 00:00:00 +0530 Fri, 05 Apr 2019 18:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279795 The court found in favor of the petitioner, holding that the respondents engaged in continuous oppression and mismanagement, leading to the reduction of the petitioner's majority shareholding and causing financial loss. The court set aside the illegal increase and allotment of shares, ordered an investigative audit to determine the siphoned-off funds, and declared the notice for the EGM as illegal and unwarranted. The petition was disposed of with no order as to the cost of litigation. Case-Laws Companies Law Mon, 23 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279795