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2021 (8) TMI 840 - Tri - Companies LawOppression and mismanagement - transfer of shares - termination of Share Purchase Agreement - Section 241 and 242 of the Companies Act, 2013 - HELD THAT:- When it is found that the petitioner has not fulfilled the conditions precedent for purchase of the shares for which the share certificate was issued, and the SPA which was the basis for issuance of the said share certificate was terminated and the said termination is not challenged by the petitioner till date, and thereby the said share certificate itself becomes void ab-initio, the principle that share certificate itself is the proof of the title of shares, will not help it in any manner. The petitioner is not a shareholder, the various other allegations with regard to oppression and mismanagement, need not be addressed, in this petition - Petition dismissed.
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