https://www.taxtmi.com/caselaws?id=98779 The court dismissed the appeals against the order directing the appellant-company to register the transfer of shares. It found that the directors' refusal was arbitrary, unjustified, and motivated by personal interests rather than the company's well-being. The judgment emphasized the importance of directors exercising their discretion in good faith and for the benefit of the company and shareholders. The respondents were awarded costs, and the principle that directors must act in the company's best interests was reinforced. en-us Fri, 04 Sep 1970 00:00:00 +0530 Wed, 13 May 2020 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98779 The court dismissed the appeals against the order directing the appellant-company to register the transfer of shares. It found that the directors' refusal was arbitrary, unjustified, and motivated by personal interests rather than the company's well-being. The judgment emphasized the importance of directors exercising their discretion in good faith and for the benefit of the company and shareholders. The respondents were awarded costs, and the principle that directors must act in the company's best interests was reinforced. Case-Laws Indian Laws Fri, 04 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98779