https://www.taxtmi.com/caselaws?id=280607 Where substantial share application money and conduct demonstrated participation in management, the petitioner was held a member for purposes of petitions under sections concerning oppression and mismanagement; the Board applied the statutory standing threshold that only a person with a stake may maintain such petitions, examined documentary and circumstantial evidence, and found equitable entitlement to allotment. The Board disallowed adjustment of application money against unrelated claims, held that such monies must be met by allotment or refund, directed allotment of specified shares within one month or, alternatively, refund with simple interest at 6% within four months, and dismissed interim contempt allegations. en-us Thu, 02 Dec 2004 00:00:00 +0530 Mon, 13 May 2019 17:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280607 Where substantial share application money and conduct demonstrated participation in management, the petitioner was held a member for purposes of petitions under sections concerning oppression and mismanagement; the Board applied the statutory standing threshold that only a person with a stake may maintain such petitions, examined documentary and circumstantial evidence, and found equitable entitlement to allotment. The Board disallowed adjustment of application money against unrelated claims, held that such monies must be met by allotment or refund, directed allotment of specified shares within one month or, alternatively, refund with simple interest at 6% within four months, and dismissed interim contempt allegations. Case-Laws Companies Law Thu, 02 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280607