https://www.taxtmi.com/caselaws?id=200070 The court allowed the petition, ordering the reconstitution of the Board of Directors, the sale of 13,000 shares to the petitioner, and setting aside the resolutions that led to the oppressive allotment of shares. The court ensured the protection of the interests of the Industrial Finance Corporation of India and the Government of Orissa, with each party bearing its own costs. en-us Mon, 20 Nov 1961 00:00:00 +0530 Fri, 05 Feb 2021 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200070 The court allowed the petition, ordering the reconstitution of the Board of Directors, the sale of 13,000 shares to the petitioner, and setting aside the resolutions that led to the oppressive allotment of shares. The court ensured the protection of the interests of the Industrial Finance Corporation of India and the Government of Orissa, with each party bearing its own costs. Case-Laws Indian Laws Mon, 20 Nov 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200070