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Petition on Oppression and Mismanagement Valid u/ss 397 & 398 Despite Withdrawal of Related Suit.

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Full Text of the Document

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....Maintainability of petition under sections 397 & 398 of the Companies Act 1956 - oppression and mismanagement - withdrawal of suit without liberty will not make this CP non-maintainable. For having the respondents failed to establish that this petition is not maintainable, on the allegations referred above, hereby decide this issue against the respondents. - CLB....

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