substratum of the company was not gone; (ii) the deadlock
could be resolved by the articles; (iii) there were
alternative remedies open: and (iv) lack ... partnership to companies, the following factors must be
present:
Equal shareholding; complete deadlock in the
administration of the company; lack of probity and
mismanagement
Abnash Kaur vs Lord Krishna Sugar Mills And Ors. on 11 May, 1972
Equivalent citations
said company, have fallen out and there is a complete deadlock and it has become impossible to carry on the business in the present state ... attention to various paragraphs of the petition that there is a complete deadlock in the company and there is a huge claim of the bankers
applicable in winding up a company unless there is a complete deadlock. Mr. Sen objected to this by saying that deadlock is an entirely separate ... confidence have disappeared since then. The two grounds, namely, the ground of deadlock
and the ground of disruption of mutual confidence and trust between
arbitration petitions. Learned counsel for
the plaintiffs submitted that the deadlock notice
issued by the defendant no.1 on 27th November 2007
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8
is invalid as the grounds specified for deadlock in
the joint venture agreement do not exist and in any
event
Company.
5. Summing up his argument, Shri Sarkar submitted: There is complete deadlock in SSTS as is evident from the fact no Board meetings ... complaints of the petitioners in this petition are that there is complete deadlock in the affairs SSCO and that the 2nd respondent is guilty
salient feature of this quasi partnership is that in the event far deadlock, as defined in Article 7.2(b) of the Joint Venture Agreement ... Article 7.2 of the JVA reads thus:-
''7.2 Deadlocks; Options upon Deadlock; Arbitration:
(a) Cooperation: The parties will act (and will cause directors
Company Law Board erroneously held that there was a deadlock in
the running of the Company. The Company Law Board over looked the documentary
evidence ... considering the facts and circumstances of the case,
held that there was deadlock in carrying out the affairs of the Company and that
the only
company resulting in loss; (2) that there is a complete deadlock in the management, and the petitioner is not allowed to enter into the place ... shares held by him. They deny the allegations of oppression and deadlock and contend that the petitioner, as the managing director of this company
Company's debts which resulted in a situation of deadlock between both the groups. Accordingly, it sought for direction to the Company to issue ... sell their shares to the other group in order to remove the deadlock created on account of loss of mutual trust between the two warring
