https://www.taxtmi.com/caselaws?id=193488 The Company Law Board ruled in favor of the petitioners, declaring the removal of directors, increase in authorized share capital, and allotment of additional shares as illegal. The petitioners were reinstated as directors, and the respondents were ordered to return the share certificates. The petition was deemed maintainable despite delay and laches in filing. All interim orders were vacated. en-us Fri, 10 Jul 2009 00:00:00 +0530 Fri, 13 Oct 2023 12:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193488 The Company Law Board ruled in favor of the petitioners, declaring the removal of directors, increase in authorized share capital, and allotment of additional shares as illegal. The petitioners were reinstated as directors, and the respondents were ordered to return the share certificates. The petition was deemed maintainable despite delay and laches in filing. All interim orders were vacated. Case-Laws Companies Law Fri, 10 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193488