https://www.taxtmi.com/caselaws?id=112702 The court dismissed the petition as the present petitioners, holding only 6.66% shareholding, did not meet the requirement to apply under sections 397 or 398 of the Companies Act. The court found no evidence of conduct prejudicial to public interest or oppressive to any member. Allegations of exclusion and oppression were unsubstantiated, with the company's actions deemed in compliance with its Articles of Association. No mismanagement was proven, as the company was profitable. The court held that the grievances did not warrant winding up the company, denying the petitioners' requested reliefs. en-us Fri, 14 Nov 2008 00:00:00 +0530 Mon, 24 Nov 2014 20:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112702 The court dismissed the petition as the present petitioners, holding only 6.66% shareholding, did not meet the requirement to apply under sections 397 or 398 of the Companies Act. The court found no evidence of conduct prejudicial to public interest or oppressive to any member. Allegations of exclusion and oppression were unsubstantiated, with the company's actions deemed in compliance with its Articles of Association. No mismanagement was proven, as the company was profitable. The court held that the grievances did not warrant winding up the company, denying the petitioners' requested reliefs. Case-Laws Companies Law Fri, 14 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112702