https://www.taxtmi.com/caselaws?id=100183 The court found the annual general meetings held in December 1969 and April 1970 invalid due to the absence of notices to certain shareholders, rendering resolutions passed therein unauthorized. The allotment of 1,000 equity shares was deemed invalid as it aimed to exclude a shareholder from management. The court concluded that the company, essentially a partnership, should be wound up on just and equitable grounds due to the breakdown of mutual trust. The opposition of majority shareholders to winding up was dismissed, and the decision to dissolve the company was upheld, emphasizing the need for joint management based on mutual confidence. en-us Fri, 12 Feb 1982 00:00:00 +0530 Tue, 31 Jan 2012 15:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100183 The court found the annual general meetings held in December 1969 and April 1970 invalid due to the absence of notices to certain shareholders, rendering resolutions passed therein unauthorized. The allotment of 1,000 equity shares was deemed invalid as it aimed to exclude a shareholder from management. The court concluded that the company, essentially a partnership, should be wound up on just and equitable grounds due to the breakdown of mutual trust. The opposition of majority shareholders to winding up was dismissed, and the decision to dissolve the company was upheld, emphasizing the need for joint management based on mutual confidence. Case-Laws Companies Law Fri, 12 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100183