https://www.taxtmi.com/caselaws?id=295880 The Board rejected the petitioners' request for the appointment of an administrator at the interim stage due to lack of conclusive evidence regarding alleged mismanagement. The allegations of siphoning off company funds through a donation to a non-existing trust were not substantiated, as the trust was found to be operational during the relevant period. Regarding the diversion of automobile parts without proper accounting, the Board noted discrepancies but refrained from a conclusive decision, pending further information to be provided by the respondents in a reconciliation statement. en-us Thu, 18 Dec 1997 00:00:00 +0530 Wed, 23 Jun 2021 12:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295880 The Board rejected the petitioners' request for the appointment of an administrator at the interim stage due to lack of conclusive evidence regarding alleged mismanagement. The allegations of siphoning off company funds through a donation to a non-existing trust were not substantiated, as the trust was found to be operational during the relevant period. Regarding the diversion of automobile parts without proper accounting, the Board noted discrepancies but refrained from a conclusive decision, pending further information to be provided by the respondents in a reconciliation statement. Case-Laws Companies Law Thu, 18 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295880