https://www.taxtmi.com/caselaws?id=384814 For oppression and mismanagement petitions under sections 397 and 398 of the Companies Act, 1956, where no specific limitation period is prescribed, Article 137 applies and the petition must be filed within three years from accrual of the right to apply. Limitation was treated as a mixed question of law and fact. On the pleaded facts, the alleged wrongful acts ran from 1996 to 2009, but the petition was filed in 2014, and the complainants were already aware of the material events, including removal from directorship. Later consequences were treated as continuing effects of earlier acts, not fresh causes of action; a successive wrong did not restart limitation. The petition was therefore barred by limitation and the appeal failed. en-us Wed, 21 Aug 2019 00:00:00 +0530 Fri, 23 Aug 2019 07:38:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384814 For oppression and mismanagement petitions under sections 397 and 398 of the Companies Act, 1956, where no specific limitation period is prescribed, Article 137 applies and the petition must be filed within three years from accrual of the right to apply. Limitation was treated as a mixed question of law and fact. On the pleaded facts, the alleged wrongful acts ran from 1996 to 2009, but the petition was filed in 2014, and the complainants were already aware of the material events, including removal from directorship. Later consequences were treated as continuing effects of earlier acts, not fresh causes of action; a successive wrong did not restart limitation. The petition was therefore barred by limitation and the appeal failed. Case-Laws Companies Law Wed, 21 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384814