https://www.taxtmi.com/caselaws?id=270629 The court upheld the maintainability of the petition filed by Respondent Nos. 1 and 2 under Sections 397 and 398 of the Companies Act, 1956. It validated the Board and General Body meetings held on 5 March 2010, including the resolutions passed. The court rejected the allegation of a collateral purpose behind the petition and deemed meetings held after 5 March 2010 as illegal. It found the assumption of control over the Company by illegal means and granted reliefs, including setting aside resolutions and reconstituting the Board of Directors. The court dismissed all Company Appeals, extending ad-interim orders for six weeks. en-us Thu, 07 Jan 2016 00:00:00 +0530 Tue, 12 Jan 2016 00:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270629 The court upheld the maintainability of the petition filed by Respondent Nos. 1 and 2 under Sections 397 and 398 of the Companies Act, 1956. It validated the Board and General Body meetings held on 5 March 2010, including the resolutions passed. The court rejected the allegation of a collateral purpose behind the petition and deemed meetings held after 5 March 2010 as illegal. It found the assumption of control over the Company by illegal means and granted reliefs, including setting aside resolutions and reconstituting the Board of Directors. The court dismissed all Company Appeals, extending ad-interim orders for six weeks. Case-Laws Companies Law Thu, 07 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270629