https://www.taxtmi.com/caselaws?id=290887 A petition for oppression and mismanagement failed where the pleaded grievances arose from long-standing family and shareholding disputes, the company was not carrying on business, and no live cause of action was shown for equitable relief. The Tribunal also held that Article 137 of the Limitation Act, 1963 applied, so a challenge filed in 2018 to acts stretching back to 1997 was time-barred when the petitioners were found to have knowledge of the impugned conduct. The plea of continuing wrong was rejected on those facts, and the petition was dismissed as both not made out on merits and barred by limitation. en-us Fri, 25 Oct 2019 00:00:00 +0530 Tue, 27 Oct 2020 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290887 A petition for oppression and mismanagement failed where the pleaded grievances arose from long-standing family and shareholding disputes, the company was not carrying on business, and no live cause of action was shown for equitable relief. The Tribunal also held that Article 137 of the Limitation Act, 1963 applied, so a challenge filed in 2018 to acts stretching back to 1997 was time-barred when the petitioners were found to have knowledge of the impugned conduct. The plea of continuing wrong was rejected on those facts, and the petition was dismissed as both not made out on merits and barred by limitation. Case-Laws Companies Law Fri, 25 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290887