https://www.taxtmi.com/caselaws?id=98818 The court dismissed the petition, upholding the board of directors' discretion to refuse the transmission of shares to the petitioner. The refusal was deemed valid, not arbitrary, capricious, or mala fide. The petitioner's conduct was found detrimental to the company's interests, and there was no undue delay in processing the application. The prior compromise did not imply recognition of the petitioner's rights as a shareholder, and being a minority shareholder did not sway the board's decision. No costs were awarded. en-us Sun, 19 Jul 1970 00:00:00 +0530 Tue, 24 Jan 2012 11:37:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98818 The court dismissed the petition, upholding the board of directors' discretion to refuse the transmission of shares to the petitioner. The refusal was deemed valid, not arbitrary, capricious, or mala fide. The petitioner's conduct was found detrimental to the company's interests, and there was no undue delay in processing the application. The prior compromise did not imply recognition of the petitioner's rights as a shareholder, and being a minority shareholder did not sway the board's decision. No costs were awarded. Case-Laws Companies Law Sun, 19 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98818