https://www.taxtmi.com/caselaws?id=213293 The court dismissed the sections 397, 398 petition due to the lack of consent from supporting shareholders for withdrawal and the long pendency of the application, which rendered the cause of action no longer viable. The court allowed C.A. No. 686 of 2010 to the extent of dismissing the petition and discharged the status quo order dated 21-6-1985. C.A. No. 721 of 2010 was dismissed, and C.A. No. 541 of 2011 was disposed of accordingly. en-us Tue, 05 Jul 2011 00:00:00 +0530 Thu, 07 Feb 2013 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213293 The court dismissed the sections 397, 398 petition due to the lack of consent from supporting shareholders for withdrawal and the long pendency of the application, which rendered the cause of action no longer viable. The court allowed C.A. No. 686 of 2010 to the extent of dismissing the petition and discharged the status quo order dated 21-6-1985. C.A. No. 721 of 2010 was dismissed, and C.A. No. 541 of 2011 was disposed of accordingly. Case-Laws Companies Law Tue, 05 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213293