https://www.taxtmi.com/caselaws?id=196347 The court found in favor of the petitioners, CG Holdings and ORE, in the case involving alleged acts of oppression and mismanagement in CEPL. It ruled that the Board meetings and resolutions were valid, highlighted breaches of the Joint Venture Agreement (JVA), and addressed financial irregularities, including misappropriation of funds by KCP. The court also scrutinized the investment in DAIL, contracts between CPL, VML, and CCL, statutory compliance issues, and directed an equitable exit strategy for ORE and Athappan from CEPL. Ultimately, the court ordered the repayment of investments to ORE and Athappan or conveyance of properties, emphasizing the importance of compliance and proper management. en-us Wed, 13 Aug 2008 00:00:00 +0530 Tue, 28 Nov 2017 14:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196347 The court found in favor of the petitioners, CG Holdings and ORE, in the case involving alleged acts of oppression and mismanagement in CEPL. It ruled that the Board meetings and resolutions were valid, highlighted breaches of the Joint Venture Agreement (JVA), and addressed financial irregularities, including misappropriation of funds by KCP. The court also scrutinized the investment in DAIL, contracts between CPL, VML, and CCL, statutory compliance issues, and directed an equitable exit strategy for ORE and Athappan from CEPL. Ultimately, the court ordered the repayment of investments to ORE and Athappan or conveyance of properties, emphasizing the importance of compliance and proper management. Case-Laws Companies Law Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196347