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    <title>1998 (7) TMI 695 - COMPANY LAW BOARD</title>
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    <description>The judgment concluded that due to serious disputes and deadlock in management, it was impracticable to call, hold, and conduct an extraordinary general meeting. The validity of the requisition dated February 9, 1998, was disputed, making it impracticable to convene a meeting. The broader impracticability of convening a meeting was emphasized over specific allegations of misappropriation of funds. A board meeting was directed to be convened to address the deadlock, with provisions for an extraordinary general meeting if necessary, emphasizing the need for the company&#039;s proper functioning. No costs were ordered.</description>
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    <pubDate>Wed, 15 Jul 1998 00:00:00 +0530</pubDate>
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      <title>1998 (7) TMI 695 - COMPANY LAW BOARD</title>
      <link>https://www.taxtmi.com/caselaws?id=183176</link>
      <description>The judgment concluded that due to serious disputes and deadlock in management, it was impracticable to call, hold, and conduct an extraordinary general meeting. The validity of the requisition dated February 9, 1998, was disputed, making it impracticable to convene a meeting. The broader impracticability of convening a meeting was emphasized over specific allegations of misappropriation of funds. A board meeting was directed to be convened to address the deadlock, with provisions for an extraordinary general meeting if necessary, emphasizing the need for the company&#039;s proper functioning. No costs were ordered.</description>
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