https://www.taxtmi.com/caselaws?id=438530 The Tribunal ruled that the Company Petition filed in 2008 was not barred by limitation as the company did not commence business, and the alleged acts of oppression were continuous. It found the share allotment and board meetings invalid due to lack of evidence of notice serving and quorum requirements. The unilateral sale of the company's asset without the petitioner's knowledge was deemed oppressive. The Tribunal upheld the NCLT's order, dismissing the Company Appeal with no costs awarded. en-us Thu, 01 Jun 2023 00:00:00 +0530 Sat, 03 Jun 2023 08:54:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438530 The Tribunal ruled that the Company Petition filed in 2008 was not barred by limitation as the company did not commence business, and the alleged acts of oppression were continuous. It found the share allotment and board meetings invalid due to lack of evidence of notice serving and quorum requirements. The unilateral sale of the company's asset without the petitioner's knowledge was deemed oppressive. The Tribunal upheld the NCLT's order, dismissing the Company Appeal with no costs awarded. Case-Laws Companies Law Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438530