https://www.taxtmi.com/caselaws?id=332455 The court found in favor of the petitioners, setting aside the removal of petitioners from the Board of Directors, the allotment of shares to respondent No.3, and the Memorandum of Understanding (MOU) dated 1st June, 2010. The court upheld the petitioners' arguments regarding violations of the Companies Act, Article 6B of the Articles of Association, and allegations of oppression and mismanagement. The appeal was successful, restoring the petitioners' majority status by setting aside the Board Resolution and share allotment, as well as overturning the Company Law Board's previous judgment. en-us Wed, 14 Sep 2016 00:00:00 +0530 Sat, 17 Sep 2016 11:38:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332455 The court found in favor of the petitioners, setting aside the removal of petitioners from the Board of Directors, the allotment of shares to respondent No.3, and the Memorandum of Understanding (MOU) dated 1st June, 2010. The court upheld the petitioners' arguments regarding violations of the Companies Act, Article 6B of the Articles of Association, and allegations of oppression and mismanagement. The appeal was successful, restoring the petitioners' majority status by setting aside the Board Resolution and share allotment, as well as overturning the Company Law Board's previous judgment. Case-Laws Companies Law Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332455