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    <title>1996 (8) TMI 421 - HIGH COURT OF MADRAS</title>
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    <description>The court dismissed the company petition as the petitioners failed to provide sufficient evidence to support their claims of oppression and mismanagement. The court found the allegations premature as the company had not yet commenced commercial activities. It was noted that continuous acts of oppression were not established, and essential facts were not pleaded. The court concluded that the petition was not sustainable under sections 397 and 398 of the Companies Act, 1956.</description>
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      <description>The court dismissed the company petition as the petitioners failed to provide sufficient evidence to support their claims of oppression and mismanagement. The court found the allegations premature as the company had not yet commenced commercial activities. It was noted that continuous acts of oppression were not established, and essential facts were not pleaded. The court concluded that the petition was not sustainable under sections 397 and 398 of the Companies Act, 1956.</description>
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