https://www.taxtmi.com/caselaws?id=194693 The Board dismissed the petition filed under Sections 397 and 398 of the Companies Act, 1956, citing it as a counterblast to other cases and noting the petitioners' delay and acquiescence to the share allotment. It found that the respondents had followed legal procedures in removing Petitioner No.1 as Director and that the petitioners failed to prove allegations of oppression and mismanagement. Consequently, the petition was deemed not maintainable, and all interim orders were vacated. en-us Thu, 07 Jun 2007 00:00:00 +0530 Fri, 19 Jan 2024 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194693 The Board dismissed the petition filed under Sections 397 and 398 of the Companies Act, 1956, citing it as a counterblast to other cases and noting the petitioners' delay and acquiescence to the share allotment. It found that the respondents had followed legal procedures in removing Petitioner No.1 as Director and that the petitioners failed to prove allegations of oppression and mismanagement. Consequently, the petition was deemed not maintainable, and all interim orders were vacated. Case-Laws Companies Law Thu, 07 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194693