A.SEETHARAM REDDY, ALLADI KUPPUSWAMI
Nagavarapu Krishna Prasad – Appellant
Versus
Andhra Bank Ltd. – Respondent
( 1 ) THESE appeals are directed against the judgment of our learned brother, Chennakesav Reddy J. , dismissing Company Petitions Nos. 10 and 12 of 1980.
( 2 ) C. P. No. 10/1980 was filed by two shareholders of the Andhra Bank Ltd. under ss. 433 and 439 of the Companies Act, 1956, praying for the winding-up of the company and for other consequential reliefs. C. P. No. 12/1980 is a petition filed under ss. 397 and 398 of the Companies Act on the ground that the affairs of the company are being conducted in a manner oppressive to some of the members of the company including the petitioners and other members set out in the schedule to the petition, and on the ground that the company was being mismanaged. They prayed that this court might regulate the conduct of the companys affairs by reconstituting the board of directors and providing safeguards for the future, and for other reliefs, or in the alternative to direct a payment of Rs. 610 per share to the dissenting shareholders including the petitioners with interest in accordance with s. 6 of the Central Ordinance No. 3 of 1980.
( 3 ) THE Andhra Bank Ltd. , the respondent in these appeals, is a premier banking co
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