https://www.taxtmi.com/caselaws?id=187478 The court confirmed the Company Law Board's (CLB) findings of oppression and mismanagement due to improper notice for board meetings and invalid resolutions concerning director changes and share capital increases. The Memorandum of Understanding (MOU) was found not to involve the transfer of company assets, and the CLB's findings on this were set aside. Payment and share transfer issues will be resolved in a pending civil suit. The appeal was disposed of, affirming the CLB's conclusions on oppression and mismanagement and dismissing the request for a receiver's appointment. en-us Fri, 06 Feb 2009 00:00:00 +0530 Mon, 30 Oct 2023 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187478 The court confirmed the Company Law Board's (CLB) findings of oppression and mismanagement due to improper notice for board meetings and invalid resolutions concerning director changes and share capital increases. The Memorandum of Understanding (MOU) was found not to involve the transfer of company assets, and the CLB's findings on this were set aside. Payment and share transfer issues will be resolved in a pending civil suit. The appeal was disposed of, affirming the CLB's conclusions on oppression and mismanagement and dismissing the request for a receiver's appointment. Case-Laws Companies Law Fri, 06 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187478