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of <h1>Petition Under Section 398 Challenges Company Mismanagement, Seeks Remedies; Requires Member Consent and Detailed Mismanagement Evidence.</h1> A petition under section 398 addresses relief against company mismanagement, following the Company Court Rules, 1959. It requires the petitioner to detail facts indicating that the company's affairs are being or likely to be conducted prejudicially. The petition seeks specific remedies or other just orders. It includes a schedule listing consenting members, their addresses, shareholdings, and payment status of dues. The petition must be supported by a letter of consent from these members, attached to the document. The petition is filed by an advocate representing the petitioner(s).
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