https://www.taxtmi.com/caselaws?id=101959 The court affirmed findings of oppression and mismanagement in a case filed under sections 397 and 398 of the Companies Act, 1956. It declared certain respondents were not shareholders or directors, deemed the transfer of company assets illegal, and appointed an administrator. The court set aside the purported transfer of buses and route permits, noting discrepancies and lack of evidence. It held that the transfer was non est, thus clauses of section 402 did not apply. The court distinguished a relevant case involving a genuine sale of assets and dismissed appeals, granting reliefs to revive the company and end oppressive conduct. en-us Wed, 11 Jul 1990 00:00:00 +0530 Mon, 13 Feb 2012 12:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101959 The court affirmed findings of oppression and mismanagement in a case filed under sections 397 and 398 of the Companies Act, 1956. It declared certain respondents were not shareholders or directors, deemed the transfer of company assets illegal, and appointed an administrator. The court set aside the purported transfer of buses and route permits, noting discrepancies and lack of evidence. It held that the transfer was non est, thus clauses of section 402 did not apply. The court distinguished a relevant case involving a genuine sale of assets and dismissed appeals, granting reliefs to revive the company and end oppressive conduct. Case-Laws Companies Law Wed, 11 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101959