https://www.taxtmi.com/caselaws?id=325745 The court upheld the Company Law Board's decision to dismiss the appeal, directing the appellants to exit the company by selling their shares to the respondents. The court found no merit in the appellants' arguments regarding oppression, mismanagement, and the issuance of rights shares. It emphasized that the appellants failed to raise timely objections, and their claims seemed to be an afterthought. The increase in share capital and the removal of the appellants from directorship were deemed justified and in the company's best interest. en-us Wed, 27 Jan 2016 00:00:00 +0530 Tue, 29 Mar 2016 10:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325745 The court upheld the Company Law Board's decision to dismiss the appeal, directing the appellants to exit the company by selling their shares to the respondents. The court found no merit in the appellants' arguments regarding oppression, mismanagement, and the issuance of rights shares. It emphasized that the appellants failed to raise timely objections, and their claims seemed to be an afterthought. The increase in share capital and the removal of the appellants from directorship were deemed justified and in the company's best interest. Case-Laws Companies Law Wed, 27 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325745