lost or there is a lack of probity or there is a deadlock in management. In this petition, there is no averment by the petitioner ... shareholding is more or less equal and that there is a complete deadlock in the affairs of the company on account of lack of probity
appointed by the Mehras. It was
agreed that in case of deadlock the Chairman would have a casting
vote. It was agreed that 30 days ... that each of them have filed
the petitions. There was a complete deadlock due to which board
meetings were not being held, and parting
powers in areas designated to the other wholetime directors thereby causing a deadlock in the management of the company resulting in paralysing the administration ... powers in areas designated to the other wholetime directors thereby causing a deadlock in the management of the company resulting in paralysing the administration
fell apart.
6. The petitioners, however, assert that there was a complete deadlock in the management of the company and the business of the company ... excluded from the management and that there can be no deadlock in the affairs of the company because the second respondent respondent as the chairman
constitution of the company is completely undermined, there is complete and irrevocable deadlock in the company on account of lack of probity. The learned judge ... only solution contemplated. In view of the open differences and complete deadlock and the virtual exclusion of the first respondent by the appellants
groups of directors, the management of the company is under a deadlock. It was also pointed out that a false complaint was lodged by some ... only due to non-co-operation of the directors and the deadlock in the management that the company had suffered.
5. During the pendancy
Chairman
of the Company and there is thus a complete
deadlock.
(3) The Company is commercially insolvent and its assets are insufficient to meet ... learned Advocate General also rightly did not press the ground based on deadlock for though there might have been a deadlock at the date
stand and intransigence
of Chloro Controls (India) Private
Limited, there was total deadlock on
joint venture and management. Despite
several meetings between the parties ... both parties had equal share in the
company. The parties were severely
deadlocked on several issues, there was
total break down and Severn Trent
Thiru K. Palaniswamy vs M. Shanmugam on 23 February, 2023
Author: Dinesh Maheshwari
Bench: Hrishikesh
minority
shareholders. It was suggested by the Petitioners
that there is deadlock in the company in that no
special resolutions can be passed. The argument ... which
require a Special Resolution, cannot be passed in
view of the deadlock between the majority and the
minority of shareholders. At the same time
