https://www.taxtmi.com/caselaws?id=101963 The appeal was dismissed by the court, upholding the company judge's order in Company Petition No. 15 of 1985 under section 398 of the Companies Act. The petitioners' claims of mismanagement, wrongful removal from directorship, and failure to hold annual general meetings were found unsubstantiated. The judge granted absolute control to respondent No. 2 over the company's affairs, ordered reimbursement of the promoters' quota, and imposed restrictions on disposal of company assets without court permission to protect public and investors' interests. en-us Tue, 24 Jul 1990 00:00:00 +0530 Mon, 13 Feb 2012 12:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101963 The appeal was dismissed by the court, upholding the company judge's order in Company Petition No. 15 of 1985 under section 398 of the Companies Act. The petitioners' claims of mismanagement, wrongful removal from directorship, and failure to hold annual general meetings were found unsubstantiated. The judge granted absolute control to respondent No. 2 over the company's affairs, ordered reimbursement of the promoters' quota, and imposed restrictions on disposal of company assets without court permission to protect public and investors' interests. Case-Laws Companies Law Tue, 24 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101963