In a dispute involving corporate governance and alleged ...

Corporate Governance Dispute Dismissed: No Substantial Evidence of Oppression Found in Comprehensive Review of Shareholder Claims

May 15, 2025

Case Laws     Companies Law     Tri

In a dispute involving corporate governance and alleged oppressive conduct, the Tri examined multiple allegations against the Respondent No. 1 Company. After comprehensive review of claims including unauthorized share buy-back, remuneration discrepancies, and potential fraudulent transactions, the Tri found no substantive evidence of oppressive practices. The tribunal determined that the Petitioner failed to establish grounds under Section 213 of the Companies Act, 2013. Key findings included: legitimate employment perquisites, timely insurance policy credits, and no proven benami property transactions. The board's dividend discretion was affirmed, and procedural challenges were deemed time-barred. Consequently, the Tri dismissed the petition, ruling no oppressive conduct was demonstrated.

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