Saturday 14 September 2013

CLB dismissed oppression petition as petitioner also filed civil suit and winding up petition agains

CL: Where petitioners filed company petition under section 397 alleging various acts of oppression and mismanagement on part of respondents in managing affairs of respondent-company, in view of fact that petitioners had already filed a civil suit and a petition seeking winding up of respondent company on similar grounds, enquiry into allegations levelled against respondents could not be made in instant petition


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