https://www.taxtmi.com/caselaws?id=193530 The court found merit in the petitioners' claims of oppression and mismanagement under Sections 397 and 398 of the Companies Act, 1956. It issued interim orders to protect the company's interests, directing a Special Officer/Receiver to collect rents and restraining respondents from dealing with company assets. The court declared the appointment of directors and issuance of duplicate share certificates invalid due to procedural irregularities. Emphasizing compliance with statutory provisions, the judgment aimed to address oppression and mismanagement allegations while safeguarding the company's members' interests. en-us Thu, 06 Feb 2014 00:00:00 +0530 Fri, 04 Aug 2017 07:00:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193530 The court found merit in the petitioners' claims of oppression and mismanagement under Sections 397 and 398 of the Companies Act, 1956. It issued interim orders to protect the company's interests, directing a Special Officer/Receiver to collect rents and restraining respondents from dealing with company assets. The court declared the appointment of directors and issuance of duplicate share certificates invalid due to procedural irregularities. Emphasizing compliance with statutory provisions, the judgment aimed to address oppression and mismanagement allegations while safeguarding the company's members' interests. Case-Laws Companies Law Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193530