winding up of the respondent Company is warranted due to a deadlock in the management by relying on Hindi Overseas Pvt. Ltd. v. Raghunath Prasad ... Jhunjhunwalla and Anr. 1976 (3) SCC 565 is totally misplaced as the deadlock situation can only arise when shareholding is almost equal. In the present
power, an arbitrator being a private person, cannot exercise. Further, there is deadlock in the company arising out of affirmative votes by both the groups ... arbitrator under the Arbitration Act is wide enough to cover even deadlock situations. The various reliefs sought for at page 37 of the petition could
part of the petitioner to contend that there has been deadlock in the management of the company. Right from 1966, there have been 3 directors ... there has not been a single occasion when there was a deadlock on any issue except on the issue of development of the land. Even
common ground that the business of the company was almost at a deadlock in December 1962. The company did not declare dividends for the assessment ... under unlucky stars, serious disputes arose between the directors which ended in deadlock. Ultimately a petition for voluntary liquidation was filed in August
disputes between the petitioner and the first respondent had created a serious deadlock in relation to the management of the company causing enormous loss ... bona fide in the larger interest of the company for removing a deadlock otherwise irremovable."
( ii) Al-Amin Seatrans Ltd. v. Owners and Party
case of a private Company and that in this connection deadlock will not be material."
4. Shri S.S. Naganand, Advocate appearing ... that the principles of partnership could be applied only in cases of deadlock. The Gujarat High Court also in Re: Atul Drug House Limited
Chief Minister had come
to a close and there was a deadlock between the two dignitaries ?
(2) Whether
the Governor of the State was authorized
there was no quasi-partnership in existence, and that, there was no deadlock in running and managing the affairs of SVG, it, passed directions ... quasi-partnership.
(ii) In the absence of any real and substantial deadlock, the CLB could not have directed either the controlling group
said Shareholders
Agreement, including their right to appoint the directors, deadlock
procedures, affirmative voting rights etc.
8. On 28th September, 2011, the petitioner ... provided for the
rights and obligation of the parties in case of deadlock. In the said
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G.Vijayalakshmi (A) Brinda vs Tirupur Textiles Pvt. Ltd on 30 March, 2012
IN THE
