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    Court Orders Removal of Members Due to Violation of Company's Articles; Register to Be Rectified According to Rules.
    Merger by Absorption Approved Without Shareholder or Creditor Meetings; 90% Consent Not Required for Unsecured Creditors.
    Court Rules Director Disqualifications Invalid Under 1975 Rules; Sections 164 and 167 of Companies Act Not Applicable.
    Court Quashes Criminal Complaint on Directorship Offences; Pending Compounding Application u/s 441 Addressed.
    Company Seeks Compounding of Offence u/s 67(3) of Companies Act, 1956; No Pending Complaints or Investigations.
    Company Law Board's Discretionary Power u/s 402 Upholds Investor Protection Against Mismanagement and Oppression.
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