https://www.taxtmi.com/caselaws?id=99952 The court quashed the Company Law Board's order appointing directors on the board of the petitioner-company, finding it exceeded statutory limits and lacked proper justification. The court emphasized the importance of objective facts and relevant material in exercising power under Section 408 of the Companies Act, 1956. The petition was allowed, and interim directions were vacated, highlighting the need for government intervention in corporate management only in exceptional cases where public interest is at stake. en-us Fri, 24 Apr 1981 00:00:00 +0530 Mon, 30 Jan 2012 17:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99952 The court quashed the Company Law Board's order appointing directors on the board of the petitioner-company, finding it exceeded statutory limits and lacked proper justification. The court emphasized the importance of objective facts and relevant material in exercising power under Section 408 of the Companies Act, 1956. The petition was allowed, and interim directions were vacated, highlighting the need for government intervention in corporate management only in exceptional cases where public interest is at stake. Case-Laws Companies Law Fri, 24 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99952