https://www.taxtmi.com/caselaws?id=97729 Oppressive conduct by company directors, including failure to hold proper general meetings, non-placement of accounts, acting without quorum, and misuse of majority control, was treated as harsh and prejudicial to minority shareholders and the company, justifying relief under sections 397, 398 and 402 of the Companies Act, 1956. The disappearance of the company's principal life insurance business after statutory vesting meant that its substratum had gone, and a winding-up order on the just and equitable ground would otherwise have been warranted. On that basis, the oppression and mismanagement jurisdiction was properly invoked to grant protective relief short of winding up. en-us Fri, 08 Jul 1960 00:00:00 +0530 Tue, 17 Jan 2012 17:54:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97729 Oppressive conduct by company directors, including failure to hold proper general meetings, non-placement of accounts, acting without quorum, and misuse of majority control, was treated as harsh and prejudicial to minority shareholders and the company, justifying relief under sections 397, 398 and 402 of the Companies Act, 1956. The disappearance of the company's principal life insurance business after statutory vesting meant that its substratum had gone, and a winding-up order on the just and equitable ground would otherwise have been warranted. On that basis, the oppression and mismanagement jurisdiction was properly invoked to grant protective relief short of winding up. Case-Laws Companies Law Fri, 08 Jul 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97729