https://www.taxtmi.com/caselaws?id=290461 The court rejected the petitioners' request for interim relief in a case involving allegations of mismanagement and oppression by the majority shareholder. The judgment emphasized that decisions regarding fundraising methods are typically within the purview of majority shareholders and should not be interfered with unless there is clear evidence of oppression or mismanagement. The court found no merit in the petitioners' arguments against equity financing, concluding that they had not demonstrated a prima facie case of oppression or mismanagement. The respondents were directed to file a reply, with the petitioners granted the opportunity to file a rejoinder. en-us Tue, 22 Sep 2015 00:00:00 +0530 Mon, 10 Jan 2022 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290461 The court rejected the petitioners' request for interim relief in a case involving allegations of mismanagement and oppression by the majority shareholder. The judgment emphasized that decisions regarding fundraising methods are typically within the purview of majority shareholders and should not be interfered with unless there is clear evidence of oppression or mismanagement. The court found no merit in the petitioners' arguments against equity financing, concluding that they had not demonstrated a prima facie case of oppression or mismanagement. The respondents were directed to file a reply, with the petitioners granted the opportunity to file a rejoinder. Case-Laws Companies Law Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290461