https://www.taxtmi.com/caselaws?id=343380 The Court allowed the appeal, set aside the CLB's order, and reinstated the appellant as Director and Executive Director of DPPL. The removal was found procedurally invalid due to non-compliance with the Companies Act, 1956. The Court deemed the removal harsh and oppressive, emphasizing the appellant's significant contributions and legitimate expectations. DPPL was considered a quasi partnership, and the disruption of this structure by the removal constituted oppression. The NCLT was directed to value the appellant's shares and provide an exit route for fair compensation. en-us Tue, 18 Apr 2017 00:00:00 +0530 Wed, 24 May 2017 07:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343380 The Court allowed the appeal, set aside the CLB's order, and reinstated the appellant as Director and Executive Director of DPPL. The removal was found procedurally invalid due to non-compliance with the Companies Act, 1956. The Court deemed the removal harsh and oppressive, emphasizing the appellant's significant contributions and legitimate expectations. DPPL was considered a quasi partnership, and the disruption of this structure by the removal constituted oppression. The NCLT was directed to value the appellant's shares and provide an exit route for fair compensation. Case-Laws Companies Law Tue, 18 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343380