( 1 ) CP 1/82, as is clear from its number, was filed in the year 1982. To be precise, on 4th January, 1982. This petition is preferred under Sections 397, 398, 402 and 403 of the COMPANIES ACT, 1956 alleging acts of oppression and mismanagement on the part of respondents no. 2 to 6. Prayer made in the petition is the following:-

(I) s/shri Kamal Kishore Arora, Kishan Chand Arora, Pran Nath Arora and ram Nath Arora have vacated their offices of directors w. e. f. , 10th September, 1981; (ii) petitioner no. 1 Shri Rajdhey Shyam Gupta be appointed as Chairman of the Company. (iii) petitioner no. 2 Shri Shyam Sunder Gupta be appointed as Managing director of the Company; (iv) a Local Commissioner be appointed to immediately prepare an inventory of all assets and stocks of the Company, to take into custody the statutory books, account books and records of the Company, and to sign books of accounts of the Company at such places as may be indicated by Petitioners or their Advocate; (v) petitioners be authorized to appoint at least three persons as security guards to protect the assets of the company; and (vi) Such other or further orders as may be deemed fit and proper in