https://www.taxtmi.com/caselaws?id=296940 The tribunal ruled that the applicant, NSS Karayogam, was not a necessary or proper party in a company petition under Sections 397 and 398 of the Companies Act, 1956. The petition focused on oppression and mismanagement allegations, not on share transfers involving the applicant. As no relief was sought against the applicant regarding share transfers, the tribunal found them not essential for the petition's resolution. The application for impleadment was dismissed for lack of merit, with no costs awarded, and the case was set for final arguments at a later date. en-us Mon, 21 Nov 2016 00:00:00 +0530 Thu, 12 Aug 2021 21:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296940 The tribunal ruled that the applicant, NSS Karayogam, was not a necessary or proper party in a company petition under Sections 397 and 398 of the Companies Act, 1956. The petition focused on oppression and mismanagement allegations, not on share transfers involving the applicant. As no relief was sought against the applicant regarding share transfers, the tribunal found them not essential for the petition's resolution. The application for impleadment was dismissed for lack of merit, with no costs awarded, and the case was set for final arguments at a later date. Case-Laws Companies Law Mon, 21 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296940