https://www.taxtmi.com/caselaws?id=198816 The Company Law Board dismissed the reference, ruling that the respondents' actions were commercial decisions made in good faith, not constituting fraud, misfeasance, persistent negligence, or breach of trust. There was no evidence of improper conduct warranting their removal, and the petition was dismissed without costs. en-us Wed, 31 May 2006 00:00:00 +0530 Fri, 09 Feb 2018 16:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198816 The Company Law Board dismissed the reference, ruling that the respondents' actions were commercial decisions made in good faith, not constituting fraud, misfeasance, persistent negligence, or breach of trust. There was no evidence of improper conduct warranting their removal, and the petition was dismissed without costs. Case-Laws Companies Law Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198816