https://www.taxtmi.com/caselaws?id=287848 The petition was deemed not time-barred as continuous oppression justified interference. The increase in authorized share capital and share allotment without proper notice rendered the petition maintainable. The increase in share capital was found to be illegal and void due to lack of proper notice and offer to the petitioners, constituting gross oppression and breach of fiduciary duty. The annual general meeting and share allotments were declared null and void, filings with the Registrar of Companies were set aside, and the shareholding pattern was restored. The petition was allowed, interim orders vacated, and no costs were awarded. en-us Wed, 26 Jun 2019 00:00:00 +0530 Wed, 06 May 2020 06:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287848 The petition was deemed not time-barred as continuous oppression justified interference. The increase in authorized share capital and share allotment without proper notice rendered the petition maintainable. The increase in share capital was found to be illegal and void due to lack of proper notice and offer to the petitioners, constituting gross oppression and breach of fiduciary duty. The annual general meeting and share allotments were declared null and void, filings with the Registrar of Companies were set aside, and the shareholding pattern was restored. The petition was allowed, interim orders vacated, and no costs were awarded. Case-Laws Companies Law Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287848