https://www.taxtmi.com/caselaws?id=199186 The court found respondents engaged in a conspiracy for illegal control and share acquisition through deceptive practices like misleading share issues and fund misuse. Respondents' mala fide acts included false representations and financial gains at the company's expense. Mismanagement involved unauthorized investments and conflicts of interest. Relief granted included setting aside allotments, refunds, administrator appointment, investigation, board supersession, and denial of legal cost reimbursement. The order stressed transparency, fairness, and fiduciary duty adherence for shareholder and company protection. en-us Wed, 21 Apr 1993 00:00:00 +0530 Thu, 22 Feb 2018 11:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199186 The court found respondents engaged in a conspiracy for illegal control and share acquisition through deceptive practices like misleading share issues and fund misuse. Respondents' mala fide acts included false representations and financial gains at the company's expense. Mismanagement involved unauthorized investments and conflicts of interest. Relief granted included setting aside allotments, refunds, administrator appointment, investigation, board supersession, and denial of legal cost reimbursement. The order stressed transparency, fairness, and fiduciary duty adherence for shareholder and company protection. Case-Laws Companies Law Wed, 21 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199186