https://www.taxtmi.com/caselaws?id=408892 Specific allegations of ongoing financial irregularities, including misappropriation, siphoning of funds and improper cash dealings, justified limited interim oversight to preserve company assets and obtain factual verification of transactions. The Tribunal held that a full-scale investigation at that stage could prejudice the main oppression and mismanagement petitions, so it appointed an observer with a confined mandate to monitor specified sales, purchases, salary payments and cash transactions and to submit periodic reports. The observer's role was limited to factual monitoring without interfering in day-to-day management or prejudging the merits of the main proceedings. en-us Fri, 04 Jun 2021 00:00:00 +0530 Thu, 24 Jun 2021 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408892 Specific allegations of ongoing financial irregularities, including misappropriation, siphoning of funds and improper cash dealings, justified limited interim oversight to preserve company assets and obtain factual verification of transactions. The Tribunal held that a full-scale investigation at that stage could prejudice the main oppression and mismanagement petitions, so it appointed an observer with a confined mandate to monitor specified sales, purchases, salary payments and cash transactions and to submit periodic reports. The observer's role was limited to factual monitoring without interfering in day-to-day management or prejudging the merits of the main proceedings. Case-Laws Companies Law Fri, 04 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408892