https://www.taxtmi.com/caselaws?id=784907 The note addresses grant of a waiver of statutory shareholding thresholds to permit initiation of proceedings for alleged oppression and mismanagement under the Companies Act. It reasons that applicants, as beneficiaries of a family trust, presented a prima facie case despite holdings below thresholds, and that intra-family disputes and pending civil suits do not bar consideration of a waiver. The tribunal applied an exceptional-circumstances test to justify limited waiver for maintainability so the dispute on merits could be adjudicated, and found no infirmity in the adjudicating authoritys reasoning, resulting in dismissal of the appeal. en-us Thu, 13 Nov 2025 00:00:00 +0530 Wed, 14 Jan 2026 08:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784907 The note addresses grant of a waiver of statutory shareholding thresholds to permit initiation of proceedings for alleged oppression and mismanagement under the Companies Act. It reasons that applicants, as beneficiaries of a family trust, presented a prima facie case despite holdings below thresholds, and that intra-family disputes and pending civil suits do not bar consideration of a waiver. The tribunal applied an exceptional-circumstances test to justify limited waiver for maintainability so the dispute on merits could be adjudicated, and found no infirmity in the adjudicating authoritys reasoning, resulting in dismissal of the appeal. Case-Laws Companies Law Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784907