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    <title>2002 (12) TMI 642 - COMPANY LAW BOARD ADDITIONAL PRINCIPAL BENCH, CHENNAI</title>
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    <description>The court found that neither party conclusively established oppression or mismanagement. The relationship between the parties had deteriorated, leading the court to order both blocks to bid for the shares of the other, with the highest bidder acquiring the shares. The parties were directed to submit their offers in closed covers, with the block offering the higher price purchasing the other block&#039;s shares. The petitions were disposed of with directions for the parties to present their bids on 2nd January 2003.</description>
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      <description>The court found that neither party conclusively established oppression or mismanagement. The relationship between the parties had deteriorated, leading the court to order both blocks to bid for the shares of the other, with the highest bidder acquiring the shares. The parties were directed to submit their offers in closed covers, with the block offering the higher price purchasing the other block&#039;s shares. The petitions were disposed of with directions for the parties to present their bids on 2nd January 2003.</description>
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