https://www.taxtmi.com/caselaws?id=101262 The court found the issue of 900 shares on October 3, 1980, to be illegal and void, disturbing the existing majority of shareholders. Mismanagement and oppression were proven, leading to the supersession of the current board of directors. A special officer was appointed to manage the company's affairs and oversee the election of a new board. Unsecured creditors' claims were not conclusively decided, allowing them to pursue their dues independently. The petitioners were granted relief, with costs to be borne by specific respondents. en-us Thu, 07 Jun 1984 00:00:00 +0530 Thu, 09 Feb 2012 11:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101262 The court found the issue of 900 shares on October 3, 1980, to be illegal and void, disturbing the existing majority of shareholders. Mismanagement and oppression were proven, leading to the supersession of the current board of directors. A special officer was appointed to manage the company's affairs and oversee the election of a new board. Unsecured creditors' claims were not conclusively decided, allowing them to pursue their dues independently. The petitioners were granted relief, with costs to be borne by specific respondents. Case-Laws Companies Law Thu, 07 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101262