https://www.taxtmi.com/caselaws?id=112453 The court allowed the appeal, set aside the Single Judge's order, and granted the company petition regarding the reduction of share capital. The court found the special resolution valid, compliant with the Companies Act, and fair to non-promoter shareholders. It concluded that the reduction was fair and equitable, as the majority of non-promoter shareholders supported the resolution, offering a fair value for their shares. The court held that the Single Judge erred in refusing to grant sanction to the special resolution. en-us Sat, 04 Apr 2009 00:00:00 +0530 Wed, 12 Nov 2014 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112453 The court allowed the appeal, set aside the Single Judge's order, and granted the company petition regarding the reduction of share capital. The court found the special resolution valid, compliant with the Companies Act, and fair to non-promoter shareholders. It concluded that the reduction was fair and equitable, as the majority of non-promoter shareholders supported the resolution, offering a fair value for their shares. The court held that the Single Judge erred in refusing to grant sanction to the special resolution. Case-Laws Companies Law Sat, 04 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112453