https://www.taxtmi.com/caselaws?id=198607 The Board found that the petitioners lacked the necessary qualifications to maintain the petition under sections 397/398 of the Companies Act, 1956. The petitioners were unable to prove their shareholding as required by law, leading to a lack of locus standi. Consequently, the Board dismissed the petition as not maintainable, ruling in favor of the respondents. The application seeking dismissal of the petition was allowed, and no costs were awarded. en-us Mon, 01 Oct 2007 00:00:00 +0530 Mon, 05 Feb 2018 17:02:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198607 The Board found that the petitioners lacked the necessary qualifications to maintain the petition under sections 397/398 of the Companies Act, 1956. The petitioners were unable to prove their shareholding as required by law, leading to a lack of locus standi. Consequently, the Board dismissed the petition as not maintainable, ruling in favor of the respondents. The application seeking dismissal of the petition was allowed, and no costs were awarded. Case-Laws Companies Law Mon, 01 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198607