https://www.taxtmi.com/caselaws?id=98169 The court held that the petition under sections 397 and 398 was maintainable, emphasizing valid consent letters from shareholders. Allegations of fraud lacked particularization, and delays in seeking relief indicated acquiescence. The court found no urgency for interim relief, noting the availability of alternative remedies pursued by the petitioners. No relief was granted under sections 397 and 398 due to lack of grounds for winding up or material change in management. Interim orders were to continue, with costs to be part of the petition proceedings. en-us Tue, 22 Sep 1964 00:00:00 +0530 Thu, 19 Jan 2012 15:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98169 The court held that the petition under sections 397 and 398 was maintainable, emphasizing valid consent letters from shareholders. Allegations of fraud lacked particularization, and delays in seeking relief indicated acquiescence. The court found no urgency for interim relief, noting the availability of alternative remedies pursued by the petitioners. No relief was granted under sections 397 and 398 due to lack of grounds for winding up or material change in management. Interim orders were to continue, with costs to be part of the petition proceedings. Case-Laws Companies Law Tue, 22 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98169