https://www.taxtmi.com/caselaws?id=100082 The court dismissed the petition under section 397 due to equal shareholding between the parties. However, relief was granted under section 398, directing the sale of shares to resolve the deadlock and disputes between the groups. The court appointed a retired Chief Justice to value the shares and provided detailed directions for the sale process. Additionally, a retired Judge was appointed as a director to prevent management deadlock until the shares were transferred, aiming to protect the company's interests and ensure its continued operation. en-us Fri, 29 May 1981 00:00:00 +0530 Tue, 31 Jan 2012 11:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100082 The court dismissed the petition under section 397 due to equal shareholding between the parties. However, relief was granted under section 398, directing the sale of shares to resolve the deadlock and disputes between the groups. The court appointed a retired Chief Justice to value the shares and provided detailed directions for the sale process. Additionally, a retired Judge was appointed as a director to prevent management deadlock until the shares were transferred, aiming to protect the company's interests and ensure its continued operation. Case-Laws Companies Law Fri, 29 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100082