https://www.taxtmi.com/caselaws?id=106606 The court dismissed the winding-up petition under the just and equitable clause of the Companies Act, 1956, citing the availability of an alternative remedy through proceedings before the Company Law Board (CLB) for complaints of oppression and mismanagement. The court noted ongoing disputes between majority shareholders, a pending scheme of arrangement, and legal issues faced by the company. The petitioner's interests, as a shareholder in the respondent company, were deemed protected under sections 397 and 398 of the Companies Act by the CLB, leading to the dismissal of the winding-up petition. en-us Tue, 15 Jan 2002 00:00:00 +0530 Wed, 14 Mar 2012 18:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106606 The court dismissed the winding-up petition under the just and equitable clause of the Companies Act, 1956, citing the availability of an alternative remedy through proceedings before the Company Law Board (CLB) for complaints of oppression and mismanagement. The court noted ongoing disputes between majority shareholders, a pending scheme of arrangement, and legal issues faced by the company. The petitioner's interests, as a shareholder in the respondent company, were deemed protected under sections 397 and 398 of the Companies Act by the CLB, leading to the dismissal of the winding-up petition. Case-Laws Companies Law Tue, 15 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106606