https://www.taxtmi.com/caselaws?id=108128 The court found various irregularities in the management and control of the company, including improper share allotments, transfers, and conduct of meetings. It concluded that the respondent directors breached their fiduciary duties and ordered the invalidation of unauthorized share allotments, restoration of the registered office to Baroda, removal of current directors, and appointment of new directors through a properly conducted EGM. The court emphasized the importance of immediate rectification of the company's affairs and denied a stay of the order. en-us Wed, 09 Aug 2000 00:00:00 +0530 Fri, 30 Mar 2012 12:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108128 The court found various irregularities in the management and control of the company, including improper share allotments, transfers, and conduct of meetings. It concluded that the respondent directors breached their fiduciary duties and ordered the invalidation of unauthorized share allotments, restoration of the registered office to Baroda, removal of current directors, and appointment of new directors through a properly conducted EGM. The court emphasized the importance of immediate rectification of the company's affairs and denied a stay of the order. Case-Laws Companies Law Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108128