https://www.taxtmi.com/caselaws?id=193912 The court found in favor of the Petitioner, declaring the increase in authorized share capital, allotments, and transfers of shares as illegal and void due to lack of notice and oppressive intent. The removal and appointment of directors were deemed illegal and oppressive as well. Mismanagement and suppression of information were established. The court ordered the reversal of illegal actions, restoration of the Petitioner's shareholding, reinstatement as director, and compliance with statutory requirements within 45 days. Other prayers were declined, and no costs were awarded. en-us Wed, 29 Apr 2015 00:00:00 +0530 Tue, 22 Aug 2017 18:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193912 The court found in favor of the Petitioner, declaring the increase in authorized share capital, allotments, and transfers of shares as illegal and void due to lack of notice and oppressive intent. The removal and appointment of directors were deemed illegal and oppressive as well. Mismanagement and suppression of information were established. The court ordered the reversal of illegal actions, restoration of the Petitioner's shareholding, reinstatement as director, and compliance with statutory requirements within 45 days. Other prayers were declined, and no costs were awarded. Case-Laws Companies Law Wed, 29 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193912