Petitioners accuse company of oppression and mismanagement, seek cancellation of 2010-2011 returns; delay in filing questioned.

Charges of oppression and mismanagement - the petitioners have sought cancellation of various Returns filed by the Company with the Registrar of Companies in the year 2010 and 2011. This petition came to be filed on 18/07/2014. However, the Petitioners have not offered any sound and convincing reason as to why they approached the CLB after such inordinate lapse of time. - CLB .....

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