Supreme Court · 1996 INSC 1159 · Decided 8 October 1996

M/S. Kilpest PVT. LTD. v. Shekhar Mehra

Court
Supreme Court of India
Citation
1996 INSC 1159 · [1996] SUPP. 7 S.C.R. 239
Case number
CIVIL APPEAL No. 1974/1986
Decided
8 October 1996
Bench
S.P. BHARUCHA, S.B. MAJMUDAR (2-judge bench)
Outcome
Dismissed
Case type
Civil
Acts & sections cited
Companies Act Section 397, 398

Headnote

Companies Act 1956, Ss.397 398, 402 and 433(f)--Minority share holder M's petition for oppression and mismanagement tried as a petition for winding up under just and equitable claus~High Court finding no ground for winding up but directing reinstatement of Mas director; requiring inspection of no ground for winding up the company; having regard to the wide powers under s.402 very rarely would it be necessary to wind up any company in a petition filed under Ss.397 and 398. M and D promoted K, a private limited company and were its first directors. The two fell out and M did not attend

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