Company Accounts Recast Approved u/s 130 Amid Allegations of Mismanagement; Section 230's Validity Unchallenged.

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....Oppression and Mismanagement - ex-parte order - petition u/s 130 of the Companies Act for recasting and re-opening the accounts accepted - submission that S. 230 is Draconian Section cannot be accepted till any person challenges the provisions before the Court of Competent Jurisdiction i.e. HC/SC - no ground is made out to hold the impugned order as illegal - no remand on the ground of violations of rules of natural justice....