https://www.taxtmi.com/caselaws?id=770670 The NCLT Mumbai dismissed a petition alleging oppression and mismanagement under Section 213 of the Companies Act, 2013. The tribunal found that the petitioner received disputed remuneration payments contrary to his claims, the unauthorized share buy-back at face value actually benefited remaining shareholders by increasing intrinsic value, employee benefits to respondent's ex-wife were justified as she was employed by the company, and allegations regarding irregular director appointments were time-barred after eight years. The tribunal also rejected claims of benami property transactions due to lack of corroboration and noted that dividend declaration remains within management's discretion, not constituting oppression. en-us Tue, 25 Mar 2025 00:00:00 +0530 Wed, 14 May 2025 10:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770670 The NCLT Mumbai dismissed a petition alleging oppression and mismanagement under Section 213 of the Companies Act, 2013. The tribunal found that the petitioner received disputed remuneration payments contrary to his claims, the unauthorized share buy-back at face value actually benefited remaining shareholders by increasing intrinsic value, employee benefits to respondent's ex-wife were justified as she was employed by the company, and allegations regarding irregular director appointments were time-barred after eight years. The tribunal also rejected claims of benami property transactions due to lack of corroboration and noted that dividend declaration remains within management's discretion, not constituting oppression. Case-Laws Companies Law Tue, 25 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770670