https://www.taxtmi.com/caselaws?id=264401 The court found the Petitioner eligible to file the petition under Section 399 of the Companies Act, 1956, due to the original shareholding. Allegations of oppression and mismanagement by the Respondents were upheld, including illegal actions regarding share capital, allotment, and removal of the Petitioner as Director. The court declared the increase in authorized share capital and certain share allotments as illegal, reinstated the Petitioner as Director, and ordered rectification of the Register of Members. A Special Auditor was appointed to audit the company's accounts, and the Petitioner was granted inspection rights. en-us Wed, 29 Apr 2015 00:00:00 +0530 Thu, 24 Sep 2015 09:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264401 The court found the Petitioner eligible to file the petition under Section 399 of the Companies Act, 1956, due to the original shareholding. Allegations of oppression and mismanagement by the Respondents were upheld, including illegal actions regarding share capital, allotment, and removal of the Petitioner as Director. The court declared the increase in authorized share capital and certain share allotments as illegal, reinstated the Petitioner as Director, and ordered rectification of the Register of Members. A Special Auditor was appointed to audit the company's accounts, and the Petitioner was granted inspection rights. Case-Laws Companies Law Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264401