https://www.taxtmi.com/highlights?id=88046 Tri dismissed the petition alleging oppression and mismanagement under Sections 397 & 398 of Companies Act, 1956. The tribunal found the petitioner suppressed material facts about initial company formation and land acquisition agreements. Documentary evidence demonstrated the petitioner was part of an original group agreement with equal capital participation. The petitioner failed to substantiate claims of misappropriation and was deemed to have approached the tribunal without clean hands. The tribunal emphasized that party conduct is crucial in equitable proceedings, ultimately rejecting the petitioner's allegations as vague and unsupported by sufficient evidence. en-us Mon, 05 May 2025 08:37:52 +0530 Mon, 05 May 2025 08:37:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=88046 Tri dismissed the petition alleging oppression and mismanagement under Sections 397 & 398 of Companies Act, 1956. The tribunal found the petitioner suppressed material facts about initial company formation and land acquisition agreements. Documentary evidence demonstrated the petitioner was part of an original group agreement with equal capital participation. The petitioner failed to substantiate claims of misappropriation and was deemed to have approached the tribunal without clean hands. The tribunal emphasized that party conduct is crucial in equitable proceedings, ultimately rejecting the petitioner's allegations as vague and unsupported by sufficient evidence. Highlights Companies Law Mon, 05 May 2025 08:37:52 +0530 https://www.taxtmi.com/highlights?id=88046