https://www.taxtmi.com/caselaws?id=101922 The court granted discretionary relief under section 155 of the Companies Act, 1956, emphasizing the importance of justice and equity in such matters. It found the share transfer to be invalid, noting the lack of evidence supporting the alleged family settlement. The court questioned the authority of the constituted attorney and ruled that the transfer was not in the petitioner's best interest. Despite arguments of delay and acquiescence, the court rectified the share register in favor of the petitioner and awarded costs of Rs. 2,000. en-us Wed, 29 Nov 1989 00:00:00 +0530 Mon, 13 Feb 2012 11:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101922 The court granted discretionary relief under section 155 of the Companies Act, 1956, emphasizing the importance of justice and equity in such matters. It found the share transfer to be invalid, noting the lack of evidence supporting the alleged family settlement. The court questioned the authority of the constituted attorney and ruled that the transfer was not in the petitioner's best interest. Despite arguments of delay and acquiescence, the court rectified the share register in favor of the petitioner and awarded costs of Rs. 2,000. Case-Laws Companies Law Wed, 29 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101922