SC: DISPUTES AS TO INHERITANCE OF SHARES CANNOT BE DECIDED IN PROCEEDINGS U/s 241/242 OF COMPANIES ACT, 2013

The Supreme Court has observed that a dispute as to inheritance of shares cannot be decided in proceedings under section 241/242 of the Companies Act, 2013. This case pertains to a dispute of oppression and mismanagement in M/s. Oswal Agro Mills Ltd. a company managed by a family. A family member cum shareholder filed the petition against other family members/shareholders in the company .