https://www.taxtmi.com/caselaws?id=101694 Oppression petitions against banking companies under section 397 of the Companies Act, 1956 are not maintainable where the Banking Regulation Act, 1949 constitutes a special regime and excludes winding up on the just and equitable ground. Written consent from the requisite members under section 399 is a condition precedent; signatures must prove informed consent to filing the petition. Relief for oppression also requires a continuing course of oppressive conduct, rather than an isolated dispute over proxy issue or collection. Proxy votes remain valid despite revocation unless written notice of revocation is received before the meeting, and the proxy lodging period includes Sunday. en-us Mon, 27 Mar 1989 00:00:00 +0530 Fri, 10 Feb 2012 17:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101694 Oppression petitions against banking companies under section 397 of the Companies Act, 1956 are not maintainable where the Banking Regulation Act, 1949 constitutes a special regime and excludes winding up on the just and equitable ground. Written consent from the requisite members under section 399 is a condition precedent; signatures must prove informed consent to filing the petition. Relief for oppression also requires a continuing course of oppressive conduct, rather than an isolated dispute over proxy issue or collection. Proxy votes remain valid despite revocation unless written notice of revocation is received before the meeting, and the proxy lodging period includes Sunday. Case-Laws Companies Law Mon, 27 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101694