https://www.taxtmi.com/caselaws?id=193507 The Company Law Board directed the division of assets of Trackparts of India Limited to resolve disputes between family shareholders. The petitioners would manage the forge division, and the respondents would manage the other two divisions. An independent chairman nominated by ICICI would oversee the division process, with a valuer determining share values and effecting a reduction in share capital through share purchase by the company. The final asset division was to be completed by June 30, 2000. en-us Tue, 30 Nov 1999 00:00:00 +0530 Wed, 02 Aug 2017 16:25:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193507 The Company Law Board directed the division of assets of Trackparts of India Limited to resolve disputes between family shareholders. The petitioners would manage the forge division, and the respondents would manage the other two divisions. An independent chairman nominated by ICICI would oversee the division process, with a valuer determining share values and effecting a reduction in share capital through share purchase by the company. The final asset division was to be completed by June 30, 2000. Case-Laws Companies Law Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193507