https://www.taxtmi.com/caselaws?id=296996 The Board dismissed the petition filed under Sections 397/398 of the Companies Act, 1956, alleging oppression and mismanagement in a company. The petitioner, claiming to have been forced to resign as managing director, sought directions to regulate the company's affairs. The company contended that the petitioner resigned voluntarily, was responsible for bank account closure, and hindered finalizing accounts. The Board found no substantial evidence of mismanagement, noting the petitioner's possession of company records and his closure of the bank account. Consequently, the Board concluded that the petitioner did not establish grounds for relief and dismissed the petition. en-us Mon, 10 Dec 2001 00:00:00 +0530 Sat, 14 Aug 2021 12:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296996 The Board dismissed the petition filed under Sections 397/398 of the Companies Act, 1956, alleging oppression and mismanagement in a company. The petitioner, claiming to have been forced to resign as managing director, sought directions to regulate the company's affairs. The company contended that the petitioner resigned voluntarily, was responsible for bank account closure, and hindered finalizing accounts. The Board found no substantial evidence of mismanagement, noting the petitioner's possession of company records and his closure of the bank account. Consequently, the Board concluded that the petitioner did not establish grounds for relief and dismissed the petition. Case-Laws Companies Law Mon, 10 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296996