https://www.taxtmi.com/caselaws?id=467974 A dispute arising from a Share Purchase Agreement-cum-MOU was treated as contractual and civil in nature because the agreed share transfer consideration had largely been paid and the remaining amount, with interest, was offered under the agreement but refused. The Tribunal held that the pleadings did not establish oppression or mismanagement affecting statutory rights or the company's affairs, so relief under Sections 241 and 242 of the Companies Act, 2013 was not maintainable. The appellate challenge also failed, as no ground for interference with the NCLT order was made out, though a direction was issued concerning deposit of the balance contractual amount for withdrawal under the order. en-us Fri, 27 Sep 2024 00:00:00 +0530 Fri, 10 Apr 2026 20:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467974 A dispute arising from a Share Purchase Agreement-cum-MOU was treated as contractual and civil in nature because the agreed share transfer consideration had largely been paid and the remaining amount, with interest, was offered under the agreement but refused. The Tribunal held that the pleadings did not establish oppression or mismanagement affecting statutory rights or the company's affairs, so relief under Sections 241 and 242 of the Companies Act, 2013 was not maintainable. The appellate challenge also failed, as no ground for interference with the NCLT order was made out, though a direction was issued concerning deposit of the balance contractual amount for withdrawal under the order. Case-Laws Companies Law Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467974