https://www.taxtmi.com/caselaws?id=199219 Acts of corporate management not compelled by a sick company's sanctioned rehabilitation scheme remained reviewable under sections 397 and 398 of the Companies Act, 1956, while matters reserved to the rehabilitation process stayed outside that review. Withdrawal of cheque-signing powers, a belated demand for unpaid call money with interest, and appointment of additional directors were treated as oppressive on the facts because they lacked sufficient justification in the corporate record and circumstances. The company was also required to convene annual general meetings, since that statutory obligation was independent of account adoption and could not be displaced absent a lawful bar, preserving shareholders' participation rights. en-us Tue, 13 Feb 2007 00:00:00 +0530 Fri, 23 Feb 2018 12:08:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199219 Acts of corporate management not compelled by a sick company's sanctioned rehabilitation scheme remained reviewable under sections 397 and 398 of the Companies Act, 1956, while matters reserved to the rehabilitation process stayed outside that review. Withdrawal of cheque-signing powers, a belated demand for unpaid call money with interest, and appointment of additional directors were treated as oppressive on the facts because they lacked sufficient justification in the corporate record and circumstances. The company was also required to convene annual general meetings, since that statutory obligation was independent of account adoption and could not be displaced absent a lawful bar, preserving shareholders' participation rights. Case-Laws Companies Law Tue, 13 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199219