https://www.taxtmi.com/caselaws?id=469219 Section 245 class action proceedings require satisfaction of the prescribed shareholding threshold and a prima facie view that the company's affairs are prejudicial to members' interests. The discussion notes that the provision is broad enough to support reliefs such as damages, compensation, and other suitable remedies, and that the availability of oppression and mismanagement remedies does not by itself bar maintainability. It also states that allegations concerning past and concluded transactions may be considered where the statutory threshold and prima facie opinion requirements are met, so the petition may proceed beyond the admission stage. en-us Thu, 05 Feb 2026 00:00:00 +0530 Wed, 10 Jun 2026 20:06:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469219 Section 245 class action proceedings require satisfaction of the prescribed shareholding threshold and a prima facie view that the company's affairs are prejudicial to members' interests. The discussion notes that the provision is broad enough to support reliefs such as damages, compensation, and other suitable remedies, and that the availability of oppression and mismanagement remedies does not by itself bar maintainability. It also states that allegations concerning past and concluded transactions may be considered where the statutory threshold and prima facie opinion requirements are met, so the petition may proceed beyond the admission stage. Case-Laws Companies Law Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469219