https://www.taxtmi.com/caselaws?id=99382 The application under sections 397 and 398 of the Companies Act, 1956 is maintainable. The company's affairs were conducted prejudicial to public interest and oppressive to minority shareholders. The 40th and 41st board meetings and an extraordinary general meeting were deemed invalid. Relief was granted annulling these meetings, reinstating the managing director, and directing cooperation with company management. No winding-up order was issued, emphasizing the company's potential with proper financial support. en-us Fri, 07 Jan 1977 00:00:00 +0530 Fri, 27 Jan 2012 11:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99382 The application under sections 397 and 398 of the Companies Act, 1956 is maintainable. The company's affairs were conducted prejudicial to public interest and oppressive to minority shareholders. The 40th and 41st board meetings and an extraordinary general meeting were deemed invalid. Relief was granted annulling these meetings, reinstating the managing director, and directing cooperation with company management. No winding-up order was issued, emphasizing the company's potential with proper financial support. Case-Laws Companies Law Fri, 07 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99382