https://www.taxtmi.com/caselaws?id=111012 The High Court upheld the Company Law Board's decision in a case involving forfeiture of shares, allegations of oppression and mismanagement, increase of capital without notice, validity of meetings, unlawful allotment of bonus shares, and lease of company property. The court dismissed both appeals, restoring the original shareholding and management structure, finding no merit in contentions regarding unpaid calls and forfeiture of shares, supporting findings of oppression and mismanagement, and leaving certain issues for resolution through legal channels or shareholder meetings. No costs were awarded, and a three-week stay of judgment operation was granted. en-us Wed, 14 Sep 2005 00:00:00 +0530 Thu, 19 Apr 2012 16:55:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=111012 The High Court upheld the Company Law Board's decision in a case involving forfeiture of shares, allegations of oppression and mismanagement, increase of capital without notice, validity of meetings, unlawful allotment of bonus shares, and lease of company property. The court dismissed both appeals, restoring the original shareholding and management structure, finding no merit in contentions regarding unpaid calls and forfeiture of shares, supporting findings of oppression and mismanagement, and leaving certain issues for resolution through legal channels or shareholder meetings. No costs were awarded, and a three-week stay of judgment operation was granted. Case-Laws Companies Law Wed, 14 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=111012