https://www.taxtmi.com/caselaws?id=424382 The Tribunal directed the Administrator to conduct the election of the Board of Directors for the 4th Respondent Company within 45 days, emphasizing that excuses for not conducting the election were unacceptable. The request by petitioners to be impleaded as party respondents was rejected due to their alleged involvement with the suspended Managing Directors and Trustees. The Tribunal highlighted the Administrator's lack of action in managing the company and instructed the Administrator to conduct the election and provide regular reports. The Tribunal addressed allegations of mismanagement and financial irregularities, directing the Administrator to recover misappropriated funds promptly. en-us Thu, 02 Jun 2022 00:00:00 +0530 Wed, 29 Jun 2022 09:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424382 The Tribunal directed the Administrator to conduct the election of the Board of Directors for the 4th Respondent Company within 45 days, emphasizing that excuses for not conducting the election were unacceptable. The request by petitioners to be impleaded as party respondents was rejected due to their alleged involvement with the suspended Managing Directors and Trustees. The Tribunal highlighted the Administrator's lack of action in managing the company and instructed the Administrator to conduct the election and provide regular reports. The Tribunal addressed allegations of mismanagement and financial irregularities, directing the Administrator to recover misappropriated funds promptly. Case-Laws Companies Law Thu, 02 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424382