https://www.taxtmi.com/caselaws?id=399799 A petition alleging oppression and mismanagement failed because the pleadings were unsupported by documentary evidence and did not establish credible material facts showing oppressive conduct or mismanagement. The Tribunal also found the petitioner's shareholding assertions inconsistent with the share purchase arrangement and share transfers for consideration, which undermined the claim. On limitation, the cause of action was treated as having arisen on the petitioner's resignation as director in November 2012, while the petition was filed in November 2017, so the claim was time-barred. Suppression of material facts and lack of clean hands further weakened entitlement to equitable relief, and the petition was held not maintainable on both limitation and merits. en-us Fri, 29 May 2020 00:00:00 +0530 Tue, 20 Oct 2020 08:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399799 A petition alleging oppression and mismanagement failed because the pleadings were unsupported by documentary evidence and did not establish credible material facts showing oppressive conduct or mismanagement. The Tribunal also found the petitioner's shareholding assertions inconsistent with the share purchase arrangement and share transfers for consideration, which undermined the claim. On limitation, the cause of action was treated as having arisen on the petitioner's resignation as director in November 2012, while the petition was filed in November 2017, so the claim was time-barred. Suppression of material facts and lack of clean hands further weakened entitlement to equitable relief, and the petition was held not maintainable on both limitation and merits. Case-Laws Companies Law Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399799