https://www.taxtmi.com/caselaws?id=127007 The court found no oppression or mismanagement in the affairs of G. K. Alloys Steel P. Ltd., dismissing claims of exclusion and irregularities by the petitioner. The sale of company land and joint development agreement were deemed genuine and not set aside. However, respondents Nos. 2 to 4 were surcharged for undervaluation in a land sale, with a directive to deposit Rs. 20 lakhs into the company's account. The petition was allowed only to the extent of surcharging respondents Nos. 2 to 4, with all other claims dismissed. en-us Fri, 10 Jun 2011 00:00:00 +0530 Fri, 08 Feb 2013 17:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127007 The court found no oppression or mismanagement in the affairs of G. K. Alloys Steel P. Ltd., dismissing claims of exclusion and irregularities by the petitioner. The sale of company land and joint development agreement were deemed genuine and not set aside. However, respondents Nos. 2 to 4 were surcharged for undervaluation in a land sale, with a directive to deposit Rs. 20 lakhs into the company's account. The petition was allowed only to the extent of surcharging respondents Nos. 2 to 4, with all other claims dismissed. Case-Laws Companies Law Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127007