https://www.taxtmi.com/caselaws?id=199705 The Company Law Board found in favor of the petitioner, a minority shareholder, in the case involving allegations of oppression and mismanagement in Ricimen Silk Limited. The respondents' lack of response and participation led to an ex parte hearing where serious financial mismanagement was revealed. The company was accused of neglecting the petitioner and engaging in financial irregularities, prompting the Board to order a thorough investigation and appoint a professional director to monitor operations. Remedial action was deemed necessary to protect shareholder interests and ensure proper governance in the company. en-us Mon, 03 May 1999 00:00:00 +0530 Fri, 09 Mar 2018 14:48:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199705 The Company Law Board found in favor of the petitioner, a minority shareholder, in the case involving allegations of oppression and mismanagement in Ricimen Silk Limited. The respondents' lack of response and participation led to an ex parte hearing where serious financial mismanagement was revealed. The company was accused of neglecting the petitioner and engaging in financial irregularities, prompting the Board to order a thorough investigation and appoint a professional director to monitor operations. Remedial action was deemed necessary to protect shareholder interests and ensure proper governance in the company. Case-Laws Companies Law Mon, 03 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199705