https://www.taxtmi.com/caselaws?id=358436 The court upheld the Company Law Board's decision, dismissing the appeal. It found the petition maintainable under Sections 397 and 398, deemed the removal of the first respondent from directorship illegal, considered the increase in share capital without proper notice as oppressive, and declared the appointments of new directors invalid. The court concluded that the actions amounted to oppression and mismanagement, ruling in favor of the first respondent. en-us Wed, 04 Apr 2018 00:00:00 +0530 Thu, 12 Apr 2018 07:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358436 The court upheld the Company Law Board's decision, dismissing the appeal. It found the petition maintainable under Sections 397 and 398, deemed the removal of the first respondent from directorship illegal, considered the increase in share capital without proper notice as oppressive, and declared the appointments of new directors invalid. The court concluded that the actions amounted to oppression and mismanagement, ruling in favor of the first respondent. Case-Laws Companies Law Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358436