https://www.taxtmi.com/caselaws?id=193959 The Board concluded that the petitioners demonstrated acts of oppression, including the improper reduction of shareholding, illegal removal from the board, and exclusion from receiving annual reports and AGM notices. The Board directed the respondents or the company to purchase the petitioners' shares at a fair value, determined by an independent valuer, to resolve the disputes and protect the shareholders' interests. The parties were instructed to agree on a mutually acceptable valuer to determine the fair value based on the balance sheet as of 31st March 2003. en-us Wed, 13 Sep 2006 00:00:00 +0530 Wed, 21 Feb 2024 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193959 The Board concluded that the petitioners demonstrated acts of oppression, including the improper reduction of shareholding, illegal removal from the board, and exclusion from receiving annual reports and AGM notices. The Board directed the respondents or the company to purchase the petitioners' shares at a fair value, determined by an independent valuer, to resolve the disputes and protect the shareholders' interests. The parties were instructed to agree on a mutually acceptable valuer to determine the fair value based on the balance sheet as of 31st March 2003. Case-Laws Companies Law Wed, 13 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193959