https://www.taxtmi.com/caselaws?id=407736 The Tribunal dismissed the petition as the Petitioners failed to establish grounds for interference in the Company's affairs. The AGMs were conducted lawfully, and the conversion of loans into equity complied with regulations. The Petitioners' actions, including filing multiple cases and adding grievances without evidence, were deemed disruptive. The Tribunal found their conduct lacked bona fides and dismissed the petition, along with related interim applications, except for allowing the Petitioners to receive the offered amount for loans and share purchase. en-us Thu, 13 May 2021 00:00:00 +0530 Thu, 20 May 2021 08:29:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407736 The Tribunal dismissed the petition as the Petitioners failed to establish grounds for interference in the Company's affairs. The AGMs were conducted lawfully, and the conversion of loans into equity complied with regulations. The Petitioners' actions, including filing multiple cases and adding grievances without evidence, were deemed disruptive. The Tribunal found their conduct lacked bona fides and dismissed the petition, along with related interim applications, except for allowing the Petitioners to receive the offered amount for loans and share purchase. Case-Laws Companies Law Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407736