https://www.taxtmi.com/caselaws?id=111471 A petition under sections 397 and 398 of the Companies Act, 1956 was held maintainable where the material facts disclosed oppression and mismanagement, even without a separate formal plea in exact terms for winding up on just and equitable grounds. Alleged irregularities in meetings, appointment of additional directors, and challenge to the balance sheet or signatures did not establish oppression, since procedural defects alone do not justify interference and the surrounding conduct supported the findings. The valuation and sale of the minority shareholding were upheld as a permissible equitable remedy in light of irreconcilable differences. The appeal failed and the Company Law Board's order was left undisturbed. en-us Fri, 19 Jan 2007 00:00:00 +0530 Mon, 23 Apr 2012 16:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111471 A petition under sections 397 and 398 of the Companies Act, 1956 was held maintainable where the material facts disclosed oppression and mismanagement, even without a separate formal plea in exact terms for winding up on just and equitable grounds. Alleged irregularities in meetings, appointment of additional directors, and challenge to the balance sheet or signatures did not establish oppression, since procedural defects alone do not justify interference and the surrounding conduct supported the findings. The valuation and sale of the minority shareholding were upheld as a permissible equitable remedy in light of irreconcilable differences. The appeal failed and the Company Law Board's order was left undisturbed. Case-Laws Companies Law Fri, 19 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111471