https://www.taxtmi.com/caselaws?id=409080 The Tribunal dismissed the petition as the allegations of oppression and mismanagement were not supported by concrete evidence. Specific and substantiated claims are required for relief under Sections 397 and 398 of the Companies Act, 1956. The petitioner's assertions regarding shareholding discrepancies, misuse of funds, and enforcement of the MoU were found to lack evidentiary support. Allegations against additional respondents regarding employment and intellectual property were also deemed unsubstantiated. The petition was dismissed with no costs awarded. en-us Mon, 21 Jun 2021 00:00:00 +0530 Tue, 29 Jun 2021 09:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409080 The Tribunal dismissed the petition as the allegations of oppression and mismanagement were not supported by concrete evidence. Specific and substantiated claims are required for relief under Sections 397 and 398 of the Companies Act, 1956. The petitioner's assertions regarding shareholding discrepancies, misuse of funds, and enforcement of the MoU were found to lack evidentiary support. Allegations against additional respondents regarding employment and intellectual property were also deemed unsubstantiated. The petition was dismissed with no costs awarded. Case-Laws Companies Law Mon, 21 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409080