https://www.taxtmi.com/caselaws?id=103076 The court dismissed the application for interim injunction, allowing respondent No. 1 company to proceed with the issue of rights shares. The judgment emphasized that the directors' decision to issue shares should not be interfered with unless extreme circumstances warrant such interference, finding no prima facie case of mala fides, breach of trust, or personal aggrandizement by the directors. en-us Thu, 18 Apr 1996 00:00:00 +0530 Mon, 20 Feb 2012 16:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103076 The court dismissed the application for interim injunction, allowing respondent No. 1 company to proceed with the issue of rights shares. The judgment emphasized that the directors' decision to issue shares should not be interfered with unless extreme circumstances warrant such interference, finding no prima facie case of mala fides, breach of trust, or personal aggrandizement by the directors. Case-Laws Companies Law Thu, 18 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103076