There was lack of probity and fairness on either side resulting in deadlock and the attempt to oust the other by unilateral acts ... earlier part of the judgment is a clear indicator of the complete deadlock between the two groups, both of them trying to have upper edge
reality will be a partnership and in this partnership, a situation of deadlock having arisen there is no alternative but to have the company wound ... distrust in each other that there is no hope whatever of the deadlock being resolved as the shareholding of the two groups are equal
pursue them and secondly there has or has not occurred a deadlock in the management which was not capable of being resolved by the internal ... equitable ground, a company can be wound up if there is a deadlock in the management which cannot be resolved by internal company machinery
Companies Act, 1956 is to resolve any deadlock and take such steps which would ensure a smooth functioning of the company. In fact, the nature ... Companies Act which are specifically directed to resolve deadlocks/disputes arising out of Company Matters and cannot be used to resolve any other differences
oppression and mismanagement by respondent No. 2 has resulted in a deadlock in the management of the company and consequently on those allegations the petitioner ... case of oppression and mismanagement but a clear case of deadlock in the management of the company and winding up of the company on just
such directors need not hold any qualification shares. Since there is a deadlock in the company, the only way by which the deadlock ... respond. The second respondent was never interested in resolving the deadlock. Instead, she initiated arbitration proceedings in the first week of January 2007, against
company is completedly under mined, there is compete and irrevocable deadlock in the company on account of lack of probity . The learned judge further held ... only solution contemplated,. In view of the open differences and complete deadlock and the virtual exclusion of the first respondent by the appellants
further pleaded that the first respondent with a view to create deadlock submitted false Resolution to the bankers purporting to be the Resolution ... judicata between the parties. Equally the finding that there was no deadlock and the petitioner No. 1 alone held shares in the Company representing
company by the said PV has resulted in a state of complete deadlock in which it is impossible to carry on the business ... more or less equal and there is a case of complete deadlock in the company on account of lack of prohibit in the management
Therefore, unless the constitution is such which results in complete, irresoluble deadlock and where there is no adequate remedy, the partnership principle must be invoked ... contributory in such a solvent company only when there would be irresoluble deadlock, because of something in the constitution itself. Such a situation of irresoluble
