https://www.taxtmi.com/caselaws?id=787356 Section 245 class actions may seek remedies for acts prejudicial to the company and its members including past or concluded transactions where damages or restitution are pursued; reliefs can extend to third parties and past acts. The petition met the statutory shareholding threshold and prima facie satisfaction based on alleged concealment, undervaluation and related party dealings, with regulator and enforcement inquiries treated as relevant material. The representative petitioners were found to act in good faith and joinder of all class members was impracticable. The admission of the petition and direction to issue public notice were upheld and the appeal dismissed. en-us Thu, 26 Feb 2026 00:00:00 +0530 Mon, 02 Mar 2026 13:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787356 Section 245 class actions may seek remedies for acts prejudicial to the company and its members including past or concluded transactions where damages or restitution are pursued; reliefs can extend to third parties and past acts. The petition met the statutory shareholding threshold and prima facie satisfaction based on alleged concealment, undervaluation and related party dealings, with regulator and enforcement inquiries treated as relevant material. The representative petitioners were found to act in good faith and joinder of all class members was impracticable. The admission of the petition and direction to issue public notice were upheld and the appeal dismissed. Case-Laws Companies Law Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787356