https://www.taxtmi.com/caselaws?id=193734 The CLB concluded that the petitioners failed to establish a case under Section 397 of the Companies Act, 1956. The grievances were deemed directorial rather than shareholder-related. The CLB directed the petitioners to exit the company by receiving a fair valuation of their shares, to be determined by an independent valuer appointed through consensus at the next Board Meeting. Interim orders were lifted, and the petition was disposed of without costs. en-us Wed, 10 Jan 2007 00:00:00 +0530 Thu, 17 Aug 2017 18:42:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193734 The CLB concluded that the petitioners failed to establish a case under Section 397 of the Companies Act, 1956. The grievances were deemed directorial rather than shareholder-related. The CLB directed the petitioners to exit the company by receiving a fair valuation of their shares, to be determined by an independent valuer appointed through consensus at the next Board Meeting. Interim orders were lifted, and the petition was disposed of without costs. Case-Laws Companies Law Wed, 10 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193734