https://www.taxtmi.com/caselaws?id=101948 The court dismissed the company petition but provided directions to resolve the deadlock. Respondents Nos. 2 to 4 were given the first choice to purchase the shares of the petitioners and the fifth respondent at face value within two months. If they defaulted, the petitioners and the fifth respondent would have the choice to purchase the shares of respondents Nos. 1 to 4. If both groups failed to exercise these options, the company would be wound up. The petition was dismissed without costs. en-us Wed, 04 Apr 1990 00:00:00 +0530 Mon, 13 Feb 2012 12:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101948 The court dismissed the company petition but provided directions to resolve the deadlock. Respondents Nos. 2 to 4 were given the first choice to purchase the shares of the petitioners and the fifth respondent at face value within two months. If they defaulted, the petitioners and the fifth respondent would have the choice to purchase the shares of respondents Nos. 1 to 4. If both groups failed to exercise these options, the company would be wound up. The petition was dismissed without costs. Case-Laws Companies Law Wed, 04 Apr 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101948