https://www.taxtmi.com/caselaws?id=343536 The Tribunal upheld the company's right to cancel the petitioner's shares by exercising the lien under the Articles of Association. Despite issues raised regarding the validity of lien notices and lack of notice to the petitioner, the Tribunal found in favor of the company, emphasizing the binding nature of the Articles of Association and the company's entitlement to enforce its legal lien. The petitioner's failure to promptly challenge the share cancellation and inability to provide a valid reason for disputing the company's actions resulted in the dismissal of the Company Petition. en-us Tue, 11 Apr 2017 00:00:00 +0530 Wed, 16 Aug 2017 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343536 The Tribunal upheld the company's right to cancel the petitioner's shares by exercising the lien under the Articles of Association. Despite issues raised regarding the validity of lien notices and lack of notice to the petitioner, the Tribunal found in favor of the company, emphasizing the binding nature of the Articles of Association and the company's entitlement to enforce its legal lien. The petitioner's failure to promptly challenge the share cancellation and inability to provide a valid reason for disputing the company's actions resulted in the dismissal of the Company Petition. Case-Laws Companies Law Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343536