https://www.taxtmi.com/caselaws?id=387940 Belated allegations of oppression or mismanagement based on transfer of the registered office property, execution and cancellation of an agreement to sell, rent entries, use of premises by other firms, diversion of resources, and a related-party loan were found unsupported by company records and documentary explanations. The material showed the property arrangement had long been known, the rent was reflected in accounts, and the claimed misuse or siphoning of funds was not proved by cogent evidence. The removal of the director was also upheld, as notices had been issued and the corporate process was completed before the petition. The tribunal's findings were affirmed and the company petition remained dismissed. en-us Tue, 09 Jul 2019 00:00:00 +0530 Tue, 05 Nov 2019 15:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387940 Belated allegations of oppression or mismanagement based on transfer of the registered office property, execution and cancellation of an agreement to sell, rent entries, use of premises by other firms, diversion of resources, and a related-party loan were found unsupported by company records and documentary explanations. The material showed the property arrangement had long been known, the rent was reflected in accounts, and the claimed misuse or siphoning of funds was not proved by cogent evidence. The removal of the director was also upheld, as notices had been issued and the corporate process was completed before the petition. The tribunal's findings were affirmed and the company petition remained dismissed. Case-Laws Companies Law Tue, 09 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387940