https://www.taxtmi.com/caselaws?id=787910 Maintainability of oppression and mismanagement proceedings depended on whether the petitioners met the member-number and shareholding thresholds under Section 244 when filing. Shareholding records showed that they exceeded the required thresholds, and the proviso to Section 244(1)(b) was also applied to permit the proceedings. The Tribunal could prima facie assess legal heirs' entitlement to transmission under Sections 241-242 where shares remained registered in a deceased member's name, no valid transmission had occurred, and evidence of a purported gift was inadequate. Interim transmission to class I legal heirs could therefore be directed while disputed title and transfer-instrument validity remained for substantive adjudication. en-us Wed, 11 Mar 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787910 Maintainability of oppression and mismanagement proceedings depended on whether the petitioners met the member-number and shareholding thresholds under Section 244 when filing. Shareholding records showed that they exceeded the required thresholds, and the proviso to Section 244(1)(b) was also applied to permit the proceedings. The Tribunal could prima facie assess legal heirs' entitlement to transmission under Sections 241-242 where shares remained registered in a deceased member's name, no valid transmission had occurred, and evidence of a purported gift was inadequate. Interim transmission to class I legal heirs could therefore be directed while disputed title and transfer-instrument validity remained for substantive adjudication. Case-Laws Companies Law Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787910