https://www.taxtmi.com/caselaws?id=430733 A petition for oppression and mismanagement may be maintainable where a successor corporation's shareholder status is supported by transmission by operation of law, company records, board participation, annual return entries, and accounting notes, even if a formal transfer entry is absent. A prior withdrawal of a separate petition does not necessarily bar the proceeding. Interim restraint over company assets may be justified as a protective measure on a prima facie case, but an interim direction to compensate alleged financial loss is unsustainable unless liability and quantified loss have first been determined. en-us Mon, 10 Oct 2022 00:00:00 +0530 Fri, 25 Nov 2022 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430733 A petition for oppression and mismanagement may be maintainable where a successor corporation's shareholder status is supported by transmission by operation of law, company records, board participation, annual return entries, and accounting notes, even if a formal transfer entry is absent. A prior withdrawal of a separate petition does not necessarily bar the proceeding. Interim restraint over company assets may be justified as a protective measure on a prima facie case, but an interim direction to compensate alleged financial loss is unsustainable unless liability and quantified loss have first been determined. Case-Laws Companies Law Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430733