https://www.taxtmi.com/caselaws?id=780120 NCLAT held the amendments to the AoA/MoA and the increase and allotment of share capital were invalid for noncompliance with the Companies Act (no special resolution, defective notice, and failure to offer renunciation). The Tribunal found collusion between majority parties to reduce a minority shareholder's stake, amounting to oppression and mismanagement under ss.397-398. Reliance on precedents of the SC supported that unfair allotment cannot be allowed. The appeal was dismissed; appellants must be refunded Rs.2.1 crore for 210,000 shares within 60 days, with no interest awarded. en-us Fri, 07 Mar 2025 00:00:00 +0530 Sat, 18 Oct 2025 10:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780120 NCLAT held the amendments to the AoA/MoA and the increase and allotment of share capital were invalid for noncompliance with the Companies Act (no special resolution, defective notice, and failure to offer renunciation). The Tribunal found collusion between majority parties to reduce a minority shareholder's stake, amounting to oppression and mismanagement under ss.397-398. Reliance on precedents of the SC supported that unfair allotment cannot be allowed. The appeal was dismissed; appellants must be refunded Rs.2.1 crore for 210,000 shares within 60 days, with no interest awarded. Case-Laws Companies Law Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780120