1. In this order I am considering Company Petition No. 35 of 1997 filed by Sh. S C Katyal ('the petitioner') against Mascot Securities Ltd. ('MSL')/('R-1-company') and other respondents under sections 397, 398, 399, 400, 402, 403 and 404 of the Companies Act, 1956 ('the Act') alleging oppression and mismanagement. The petitioner has prayed for appointment of an administrator(s) or an independent Committee of management with all powers for managing the affairs and conducting the business of the company ; for appointment of a chartered accountant to investigate the affairs, accounts and business of the company ; to appoint auditors of the company to carry out the statutory audit of the company with effect from 1st April, 1995 till date ; to appoint an independent company secretary to conduct special audit of the accounts of the company for the period 1st April, 1995 till date ; for directions to the company to furnish full information to the petitioner about the company's state of affairs ; for orders of perpetual injunction restraining the company from operating the bank account without the signature of the petitioner ; restraining the company from transacting any business with