https://www.taxtmi.com/caselaws?id=289592 The court found in favor of the petitioner, ruling the illegal share allotments and appointments as oppressive acts. It set aside the allotment and transfer of shares, reinstated the petitioner and another director, ordered an independent audit of accounts, and canceled the improper shifting of the registered office. The court held a non-director liable for mismanagement and oppression. The petition was deemed maintainable despite objections, granting the petitioner relief and the option to exit the company with fair compensation. en-us Thu, 26 Jun 2008 00:00:00 +0530 Fri, 07 Aug 2020 17:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289592 The court found in favor of the petitioner, ruling the illegal share allotments and appointments as oppressive acts. It set aside the allotment and transfer of shares, reinstated the petitioner and another director, ordered an independent audit of accounts, and canceled the improper shifting of the registered office. The court held a non-director liable for mismanagement and oppression. The petition was deemed maintainable despite objections, granting the petitioner relief and the option to exit the company with fair compensation. Case-Laws Companies Law Thu, 26 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289592