https://www.taxtmi.com/caselaws?id=311169 The HC reconstituted the Board of Directors of Bennett Coleman & Co. Ltd. to include eleven directors, with appointments from shareholders, the Central Government, and the Court, for a term of seven years. The Court dismissed an application to record a compromise, citing lack of a complete agreement and public interest concerns. The reconstitution, challenged under Sections 255 and 408 of the Companies Act, was upheld, with the Court exercising its broad powers under Sections 397, 398, and 402. Injunctions against certain individuals were issued due to allegations of mismanagement. Appeals against these decisions were dismissed. en-us Tue, 13 Mar 1973 00:00:00 +0530 Mon, 11 Dec 2023 16:54:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311169 The HC reconstituted the Board of Directors of Bennett Coleman & Co. Ltd. to include eleven directors, with appointments from shareholders, the Central Government, and the Court, for a term of seven years. The Court dismissed an application to record a compromise, citing lack of a complete agreement and public interest concerns. The reconstitution, challenged under Sections 255 and 408 of the Companies Act, was upheld, with the Court exercising its broad powers under Sections 397, 398, and 402. Injunctions against certain individuals were issued due to allegations of mismanagement. Appeals against these decisions were dismissed. Case-Laws Companies Law Tue, 13 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311169