TMI Blog2004 (7) TMI 670X X X X Extracts X X X X X X X X Extracts X X X X ..... filed by the applicant seeking clarification in regard to the order dated November 24, 2003, made in the Company Petition No. 13 of 2002 (since reported in A.H. Ahmed Jaffer v. ACE Rubber Allied Products (P.) Ltd. [2004] 52 SCL 350 (CLB) granting reliefs on account of the alleged acts of oppression and mismanagement in the affairs of M/s. ACE Rubber and Allied products Pvt. Ltd. 2. Shri V. V ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anaging director was held to be oppressive by this Bench and going by the spirit of the order dated November 24, 2003; the petitioner has to be brought back as the managing director of the company. In these circumstances, Shri Venkadasalam sought for appropriate directions of this Bench, in exercise of powers under regulation 45 of the Company Law Board Regulations, 1991, for amendment of the orde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicant must be rejected. 4. We have considered the arguments of learned counsel. It is on record that the company incorporated in November, 1983, is a family company. The petitioner s father was the managing director and the father of the second respondent was the chairman of the company since incorporation till their demise, upon which the petitioner became the managing director and the seco ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Regulations, 1991, the order dated November 24, 2003, is amended, thereby giving the option to the petitioner to become the managing director of the company. This does not amount to review of our order and, therefore, there is no need to go into several of the decisions cited by Shri A.K. Mylsamy, in this behalf. 5. With these directions, the application stands disposed of. - - TaxTMI - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X
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