https://www.taxtmi.com/caselaws?id=98687 The court dismissed the petition with costs, finding that the petitioners failed to establish a case for relief under sections 397 and 398 of the Companies Act. The court noted the lack of substantial evidence to support the allegations of mismanagement, embezzlement, and other claims made by the petitioners. Additionally, the court highlighted the considerable delay in filing the petition and the absence of grounds for a winding-up order. The court emphasized that the petition primarily consisted of past alleged misdeeds without sufficient justification for the relief sought. en-us Tue, 18 Nov 1969 00:00:00 +0530 Sat, 21 Jan 2012 16:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98687 The court dismissed the petition with costs, finding that the petitioners failed to establish a case for relief under sections 397 and 398 of the Companies Act. The court noted the lack of substantial evidence to support the allegations of mismanagement, embezzlement, and other claims made by the petitioners. Additionally, the court highlighted the considerable delay in filing the petition and the absence of grounds for a winding-up order. The court emphasized that the petition primarily consisted of past alleged misdeeds without sufficient justification for the relief sought. Case-Laws Companies Law Tue, 18 Nov 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98687