https://www.taxtmi.com/caselaws?id=193526 The court dismissed the petition seeking the appointment of government directors on the Board of M/S Kopran Limited. The court found that the loan of Rs. 78 crores to M/s Classic Credit Limited, resulting in a loss of Rs. 28 crores, was a commercial misjudgment rather than an act of mismanagement. It was noted that the company had already initiated legal proceedings to recover the outstanding amount. The court also found that the alleged violations of the Companies Act were procedural in nature and did not amount to oppression or mismanagement warranting the appointment of government directors. en-us Tue, 15 Jun 2004 00:00:00 +0530 Thu, 03 Aug 2017 11:23:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193526 The court dismissed the petition seeking the appointment of government directors on the Board of M/S Kopran Limited. The court found that the loan of Rs. 78 crores to M/s Classic Credit Limited, resulting in a loss of Rs. 28 crores, was a commercial misjudgment rather than an act of mismanagement. It was noted that the company had already initiated legal proceedings to recover the outstanding amount. The court also found that the alleged violations of the Companies Act were procedural in nature and did not amount to oppression or mismanagement warranting the appointment of government directors. Case-Laws Companies Law Tue, 15 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193526