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    <title>2020 (4) TMI 156 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL NEW DELHI</title>
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    <description>Where title to the relevant shareholding had already been conclusively determined in prior proceedings, a later oppression and mismanagement petition could not be maintained on a contrary claim of inheritance, because a succession certificate alone did not establish title and the respondents&#039; rights were derived through the legatee. The challenge to the 2001 board, capital increase and allotment resolutions was also barred by delay and laches, as those acts were completed years earlier and the petition was filed without satisfactory explanation. The impugned order was set aside and the company petition failed.</description>
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    <pubDate>Thu, 12 Mar 2020 00:00:00 +0530</pubDate>
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      <description>Where title to the relevant shareholding had already been conclusively determined in prior proceedings, a later oppression and mismanagement petition could not be maintained on a contrary claim of inheritance, because a succession certificate alone did not establish title and the respondents&#039; rights were derived through the legatee. The challenge to the 2001 board, capital increase and allotment resolutions was also barred by delay and laches, as those acts were completed years earlier and the petition was filed without satisfactory explanation. The impugned order was set aside and the company petition failed.</description>
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      <pubDate>Thu, 12 Mar 2020 00:00:00 +0530</pubDate>
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