https://www.taxtmi.com/caselaws?id=197490 The court dismissed the petitioner's claims regarding the sale of the property, reconstitution of the board, and appointment of an administrator. It directed the company to deposit sale proceeds with a nationalized bank, distribute interest among members, and appointed an independent chartered accountant to verify accounts. The court found no grounds for a Central Government investigation, emphasizing the need for the petitioner to approach the court in good faith. en-us Mon, 04 Dec 2006 00:00:00 +0530 Mon, 08 Jan 2018 18:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197490 The court dismissed the petitioner's claims regarding the sale of the property, reconstitution of the board, and appointment of an administrator. It directed the company to deposit sale proceeds with a nationalized bank, distribute interest among members, and appointed an independent chartered accountant to verify accounts. The court found no grounds for a Central Government investigation, emphasizing the need for the petitioner to approach the court in good faith. Case-Laws Companies Law Mon, 04 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197490