https://www.taxtmi.com/caselaws?id=196348 The court found in favor of the petitioners, ruling that the respondents had engaged in acts of oppression and mismanagement. The unauthorized increase in share capital and allotment of shares were deemed improper, the removal of directors was invalid, and financial mismanagement was proven. The court nullified a General Meeting, set aside the additional share allotment, reinstated the petitioners as directors, removed a respondent from the Board, and ordered the return of misappropriated funds. The petition was allowed, the interim order was lifted, and no costs were awarded. en-us Thu, 30 Mar 2006 00:00:00 +0530 Tue, 28 Nov 2017 15:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196348 The court found in favor of the petitioners, ruling that the respondents had engaged in acts of oppression and mismanagement. The unauthorized increase in share capital and allotment of shares were deemed improper, the removal of directors was invalid, and financial mismanagement was proven. The court nullified a General Meeting, set aside the additional share allotment, reinstated the petitioners as directors, removed a respondent from the Board, and ordered the return of misappropriated funds. The petition was allowed, the interim order was lifted, and no costs were awarded. Case-Laws Companies Law Thu, 30 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196348