https://www.taxtmi.com/caselaws?id=126951 The Board dismissed the application for injunction against selling shares but directed the respondents not to utilize the sale proceeds pending the main company petition's disposal. The Board aimed to balance the interests of all shareholders, recognizing the minority shareholders' interest in the sale proceeds while ensuring no irreversible harm to the majority shareholders. The decision emphasized that the offer price for the shares was fair and above the initial purchase price, indicating a positive value for the shares and not being detrimental to the company's interest. en-us Tue, 30 Mar 2010 00:00:00 +0530 Thu, 17 Oct 2013 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126951 The Board dismissed the application for injunction against selling shares but directed the respondents not to utilize the sale proceeds pending the main company petition's disposal. The Board aimed to balance the interests of all shareholders, recognizing the minority shareholders' interest in the sale proceeds while ensuring no irreversible harm to the majority shareholders. The decision emphasized that the offer price for the shares was fair and above the initial purchase price, indicating a positive value for the shares and not being detrimental to the company's interest. Case-Laws Companies Law Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126951