https://www.taxtmi.com/caselaws?id=101073 The court found the petition maintainable under sections 397 and 398 of the Companies Act as the petitioners met the shareholding requirements. The court recognized the validity of the cause of action for relief based on allegations of non-registration of shares. After scrutinizing the compromise terms, the court approved the compromise as beneficial for resolving internal conflicts, improving company operations, and safeguarding the interests of shareholders and creditors. en-us Mon, 09 Jan 1984 00:00:00 +0530 Wed, 08 Feb 2012 15:05:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101073 The court found the petition maintainable under sections 397 and 398 of the Companies Act as the petitioners met the shareholding requirements. The court recognized the validity of the cause of action for relief based on allegations of non-registration of shares. After scrutinizing the compromise terms, the court approved the compromise as beneficial for resolving internal conflicts, improving company operations, and safeguarding the interests of shareholders and creditors. Case-Laws Companies Law Mon, 09 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101073