https://www.taxtmi.com/caselaws?id=103130 The court dismissed the application, finding no evidence of oppression or mismanagement under sections 397 or 398 of the Companies Act, 1956. The petitioners' claims regarding non-declaration of dividends, siphoning off company monies, and increasing share capital were not substantiated. The court held that the actions taken were justified in the company's best interest, and there was no basis for compelling the respondents to purchase the petitioners' shares. The application was dismissed with costs, and all interim orders were vacated, with a stay of operation of the judgment granted until November 25, 1991. en-us Fri, 11 Oct 1991 00:00:00 +0530 Mon, 20 Feb 2012 18:11:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103130 The court dismissed the application, finding no evidence of oppression or mismanagement under sections 397 or 398 of the Companies Act, 1956. The petitioners' claims regarding non-declaration of dividends, siphoning off company monies, and increasing share capital were not substantiated. The court held that the actions taken were justified in the company's best interest, and there was no basis for compelling the respondents to purchase the petitioners' shares. The application was dismissed with costs, and all interim orders were vacated, with a stay of operation of the judgment granted until November 25, 1991. Case-Laws Companies Law Fri, 11 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103130