RAMESH B. DESAI vs BIPIN VADILAL MEHTA .

The Supreme Court upheld the dismissal of Company Petition No. 35 of 1988 under Section 155 of the Companies Act, affirming the lower courts' findings that the petition was barred by limitation. The Court emphasized that the limitation period for filing such petitions is crucial and must be adhered to, thereby reinforcing the principle that procedural timelines are essential for the administration of justice. The appeal was dismissed, confirming the lower court's ruling.