https://www.taxtmi.com/caselaws?id=788237 Rights issues and subsequent share transfers were held to be authorised by the Articles and by statutory allotment rules (Section 62(1)(a) cited in analysis), and procedural conditions in the letters of offer were satisfied; the board and EGM acted within their powers and majority approvals validated the allotments. The adjudicating authority's refusal of interim restraint was treated as premature absent material showing of actual removal of promoter status. An increase of authorised/issued capital compliant with the Articles and Companies Act was not regarded as oppression or mismanagement. The tribunal upheld dismissal of the company petition while leaving open relief for any future concrete oppressive act. en-us Mon, 23 Jun 2025 00:00:00 +0530 Thu, 19 Mar 2026 08:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788237 Rights issues and subsequent share transfers were held to be authorised by the Articles and by statutory allotment rules (Section 62(1)(a) cited in analysis), and procedural conditions in the letters of offer were satisfied; the board and EGM acted within their powers and majority approvals validated the allotments. The adjudicating authority's refusal of interim restraint was treated as premature absent material showing of actual removal of promoter status. An increase of authorised/issued capital compliant with the Articles and Companies Act was not regarded as oppression or mismanagement. The tribunal upheld dismissal of the company petition while leaving open relief for any future concrete oppressive act. Case-Laws Companies Law Mon, 23 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788237