2004 (7) TMI 670

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.... for the Respondent. ORDER K.K. Balu, Member. - This is an application filed by the applicant seeking clarification in regard to the order dated November 24, 2003, made in the Company Petition No. 13 of 2002 (since reported in A.H. Ahmed Jaffer v. ACE Rubber & Allied Products (P.) Ltd. [2004] 52 SCL 350 (CLB) granting reliefs on account of the alleged acts of oppression and mismanagement ....

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....dasalam pointed out that the removal of the petitioner from the office of the managing director was held to be oppressive by this Bench and going by the spirit of the order dated November 24, 2003; the petitioner has to be brought back as the managing director of the company. In these circumstances, Shri Venkadasalam sought for appropriate directions of this Bench, in exercise of powers under regu....

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....ctive wisdom of the majority shareholders. In view of this, the prayer of the applicant must be rejected. 4. We have considered the arguments of learned counsel. It is on record that the company incorporated in November, 1983, is a family company. The petitioner's father was the managing director and the father of the second respondent was the chairman of the company since incorporation till th....