https://www.taxtmi.com/caselaws?id=199419 The petition under Section 397/398 of the Companies Act, 1956 was found maintainable despite a prior winding-up petition. The company was directed to include the unpaid dividend in its accounts and repayment scheme. Financial mismanagement was acknowledged, and the importance of public interest was highlighted. Independent directors were appointed to monitor the company's affairs for three years, emphasizing the need for active involvement of the petitioner's nominees in the company's management. en-us Tue, 21 Sep 1999 00:00:00 +0530 Wed, 28 Feb 2018 11:57:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199419 The petition under Section 397/398 of the Companies Act, 1956 was found maintainable despite a prior winding-up petition. The company was directed to include the unpaid dividend in its accounts and repayment scheme. Financial mismanagement was acknowledged, and the importance of public interest was highlighted. Independent directors were appointed to monitor the company's affairs for three years, emphasizing the need for active involvement of the petitioner's nominees in the company's management. Case-Laws Companies Law Tue, 21 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199419