https://www.taxtmi.com/caselaws?id=282590 The Company Petition under Sections 397/398 of the Companies Act, 1956 was deemed maintainable as the Petitioner obtained permission from the Central Government. The contention that the petition was barred by laches and limitation was rejected. The Petitioner was found entitled to rights shares for the years 1991-92, 1995-96, and 2004-05, with the Company's actions deemed fraudulent and oppressive. The Tribunal ordered the Respondents to allot 5250 shares to the Petitioner and imposed costs on Respondents No. 2 and 3 for their oppressive conduct, emphasizing the protection of minority shareholders' rights and fair corporate governance. en-us Tue, 14 Mar 2017 00:00:00 +0530 Wed, 14 Aug 2019 06:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282590 The Company Petition under Sections 397/398 of the Companies Act, 1956 was deemed maintainable as the Petitioner obtained permission from the Central Government. The contention that the petition was barred by laches and limitation was rejected. The Petitioner was found entitled to rights shares for the years 1991-92, 1995-96, and 2004-05, with the Company's actions deemed fraudulent and oppressive. The Tribunal ordered the Respondents to allot 5250 shares to the Petitioner and imposed costs on Respondents No. 2 and 3 for their oppressive conduct, emphasizing the protection of minority shareholders' rights and fair corporate governance. Case-Laws Companies Law Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282590