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    <title>2006 (6) TMI 519 - COMPANY LAW BOARD, NEW DELHI</title>
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    <description>The Board allowed the petition, concluding that the respondents committed acts of oppression and mismanagement. The issuance of 8800 shares was upheld, with 4400 shares to be transferred to the petitioner. The issuance of 2,90,000 shares was declared null and void. The petitioner and nominees were reinstated as directors. The petition was deemed maintainable, not barred by limitation, and the petitioner was granted equitable relief.</description>
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      <description>The Board allowed the petition, concluding that the respondents committed acts of oppression and mismanagement. The issuance of 8800 shares was upheld, with 4400 shares to be transferred to the petitioner. The issuance of 2,90,000 shares was declared null and void. The petitioner and nominees were reinstated as directors. The petition was deemed maintainable, not barred by limitation, and the petitioner was granted equitable relief.</description>
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