https://www.taxtmi.com/caselaws?id=399853 The Tribunal dismissed the petition as the Petitioners failed to prove oppression and mismanagement claims. The transfer of assets from the 1st Respondent to the 2nd Respondent was deemed valid, with no requirement for shareholder consent. The non-extension of the Long Stop Date was considered a technical lapse that did not invalidate the transfer. The Petitioners' requests for reliefs, including setting aside the transfer and ordering an investigation, were denied due to lack of evidence supporting oppression and mismanagement allegations. en-us Tue, 11 Feb 2020 00:00:00 +0530 Wed, 21 Oct 2020 09:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399853 The Tribunal dismissed the petition as the Petitioners failed to prove oppression and mismanagement claims. The transfer of assets from the 1st Respondent to the 2nd Respondent was deemed valid, with no requirement for shareholder consent. The non-extension of the Long Stop Date was considered a technical lapse that did not invalidate the transfer. The Petitioners' requests for reliefs, including setting aside the transfer and ordering an investigation, were denied due to lack of evidence supporting oppression and mismanagement allegations. Case-Laws Companies Law Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399853