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    <title>1985 (7) TMI 309 - HIGH COURT OF MADRAS</title>
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    <description>The appeals were dismissed, affirming the court&#039;s decisions on the maintainability of the injunction application, jurisdiction to issue interim orders, equal participation in company management, validity of Article 38, grounds for appointing a provisional liquidator, consideration of subsequent events, and rejection of alternative remedies under sections 397 and 398 of the Companies Act. The court found mismanagement by the appellants, leading to the appointment of a provisional liquidator to prevent fraudulent practices.</description>
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      <description>The appeals were dismissed, affirming the court&#039;s decisions on the maintainability of the injunction application, jurisdiction to issue interim orders, equal participation in company management, validity of Article 38, grounds for appointing a provisional liquidator, consideration of subsequent events, and rejection of alternative remedies under sections 397 and 398 of the Companies Act. The court found mismanagement by the appellants, leading to the appointment of a provisional liquidator to prevent fraudulent practices.</description>
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