https://www.taxtmi.com/caselaws?id=171056 The final judgment concluded that the respondents failed to adequately refute allegations of oppression and mismanagement. The resolutions removing the petitioners from directorship and appointing additional directors were declared null and void. The increase in authorized share capital and subsequent share allotment were set aside. The court ordered the appointment of nominee directors from financial institutions to protect their interests and mandated a special audit of the company's accounts. The petition was disposed of with these directives, and no order regarding costs was issued. en-us Tue, 29 Aug 2006 00:00:00 +0530 Sat, 24 Feb 2024 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171056 The final judgment concluded that the respondents failed to adequately refute allegations of oppression and mismanagement. The resolutions removing the petitioners from directorship and appointing additional directors were declared null and void. The increase in authorized share capital and subsequent share allotment were set aside. The court ordered the appointment of nominee directors from financial institutions to protect their interests and mandated a special audit of the company's accounts. The petition was disposed of with these directives, and no order regarding costs was issued. Case-Laws Companies Law Tue, 29 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171056