Friday, 1 August 2014

HC rejects winding-up petition of Co. as major allegations of appellant were of oppression and misma

CL: Where petitioner had filed a petition for winding up of respondent company, but main allegations in petition were primarily of oppression and mismanagement, petition was not maintainable as remedy for alleged acts of oppression and mismanagement have been specifically provided in sections 397 and 398 of the 1956 Act to which petitioner could have recourse to


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