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2016 (11) TMI 1694 - Tri - Companies LawOppression and mismanagement - transfer of shares - holding of Extraordinary General Meeting - whether the R1/petitioner is entitled to maintain the C.P. under Section 397 and 398 alleging oppression and mismanagement? - HELD THAT:- The applicant NSS Karayogam is neither a shareholder in Rl company, nor any relief has been claimed against the same. Moreover, the petitioner is not a secretary of NSS Karayogam as has been held by the Subordinate court. Kozhicode. dated. 28.6.20 12. He is neither a necessary party nor a proper party in the matter relating to C.P. filed under Sections 397 and 398 of the Companies Act. 1956. because no relief is claimed against the applicant, nor any transfer of shares pertaining to NSS Karayogam is under challenge. There is no concern whatsoever of NSS Karayogam with the Company petition. Petition dismissed.
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