https://www.taxtmi.com/caselaws?id=193733 The Board found in favor of the petitioners in a case involving allegations of oppression and mismanagement under sections 397/398 of the Companies Act. Despite procedural irregularities in the removal of the first petitioner as Managing Director, the Board recognized the company as a quasi-partnership and upheld the petitioners' legitimate expectations. As a remedy, the Board directed the purchase of the petitioners' shares by the company or the Sunil Puri group to resolve the issues raised in the case. en-us Tue, 28 Jan 2003 00:00:00 +0530 Thu, 17 Aug 2017 18:05:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193733 The Board found in favor of the petitioners in a case involving allegations of oppression and mismanagement under sections 397/398 of the Companies Act. Despite procedural irregularities in the removal of the first petitioner as Managing Director, the Board recognized the company as a quasi-partnership and upheld the petitioners' legitimate expectations. As a remedy, the Board directed the purchase of the petitioners' shares by the company or the Sunil Puri group to resolve the issues raised in the case. Case-Laws Companies Law Tue, 28 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193733