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1974 (4) TMI 11 - MADRAS HIGH COURTExtract: .......ctions 397 and 398 of the Companies Act are for relieving the shareholder against the oppression or mismanagement of the affairs of the company. The liability to tax levied on the company is outside the scope of these provisions. Section 402 of the Act cannot, therefore, be invoked or applied in such a case. The application is dismissed with costs.
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