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    <title>2006 (6) TMI 518 - COMPANY LAW BOARD, MUMBAI</title>
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    <description>The court dismissed the petition as the petitioner failed to prove mismanagement or oppression under Sections 397/398 of the Companies Act. The issues raised, such as non-filing of statutory returns and financial liabilities, were either resolved or under appeal. The judgment highlighted the petitioner&#039;s failure to pursue alternative remedies available to her as a majority shareholder. No costs were ordered, emphasizing the lack of grounds for action and the availability of other avenues for redress.</description>
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      <description>The court dismissed the petition as the petitioner failed to prove mismanagement or oppression under Sections 397/398 of the Companies Act. The issues raised, such as non-filing of statutory returns and financial liabilities, were either resolved or under appeal. The judgment highlighted the petitioner&#039;s failure to pursue alternative remedies available to her as a majority shareholder. No costs were ordered, emphasizing the lack of grounds for action and the availability of other avenues for redress.</description>
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