https://www.taxtmi.com/caselaws?id=408808 A company petition alleging oppression and mismanagement must satisfy the section 399 threshold through a valid supporting membership base and informed written consent filed with the petition. Where the alleged share transfers are disputed and the record does not reliably establish that the supporting persons are shareholders, statutory eligibility is not proved. A consent that is not specific to the petition and operates only as a blanket approval is defective. On these facts, the petition failed to meet section 399 and was not maintainable. en-us Fri, 11 Jun 2021 00:00:00 +0530 Sat, 20 Nov 2021 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408808 A company petition alleging oppression and mismanagement must satisfy the section 399 threshold through a valid supporting membership base and informed written consent filed with the petition. Where the alleged share transfers are disputed and the record does not reliably establish that the supporting persons are shareholders, statutory eligibility is not proved. A consent that is not specific to the petition and operates only as a blanket approval is defective. On these facts, the petition failed to meet section 399 and was not maintainable. Case-Laws Companies Law Fri, 11 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408808