https://www.taxtmi.com/caselaws?id=795124 Majority shareholders must substantiate allegations of oppression, mismanagement, or fund diversion with sufficient material and cannot use a request for production of records under Section 242(4) to gather evidence for their own petition where shareholder rights provide access to necessary information. The disposal of the petition did not determine the parties' substantive rights on merits, leaving unresolved issues open for fresh proceedings after the majority shareholders exhaust available rights. The appellate tribunal found no basis to interfere with the refusal to direct production of bank statements and ledger accounts. en-us Tue, 23 Jun 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795124 Majority shareholders must substantiate allegations of oppression, mismanagement, or fund diversion with sufficient material and cannot use a request for production of records under Section 242(4) to gather evidence for their own petition where shareholder rights provide access to necessary information. The disposal of the petition did not determine the parties' substantive rights on merits, leaving unresolved issues open for fresh proceedings after the majority shareholders exhaust available rights. The appellate tribunal found no basis to interfere with the refusal to direct production of bank statements and ledger accounts. Case-Laws Companies Law Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795124