https://www.taxtmi.com/caselaws?id=194911 The petitioner succeeded in proving various illegal actions by the respondents, including holding meetings without proper notice, improper removal and appointment of directors, unauthorized increase in share capital, illegal allotment of shares, siphoning of funds, and financial mismanagement. The court declared the EGM illegal, reinstated the petitioner as director, removed certain directors, invalidated share capital increase and allotment, nullified an AGM, ordered a re-audit, and allowed the petitioner to exit the company if desired. No costs were awarded, and the interim order was lifted, ensuring corrective measures for the company's management. en-us Tue, 22 Apr 2014 00:00:00 +0530 Fri, 06 Oct 2017 06:46:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194911 The petitioner succeeded in proving various illegal actions by the respondents, including holding meetings without proper notice, improper removal and appointment of directors, unauthorized increase in share capital, illegal allotment of shares, siphoning of funds, and financial mismanagement. The court declared the EGM illegal, reinstated the petitioner as director, removed certain directors, invalidated share capital increase and allotment, nullified an AGM, ordered a re-audit, and allowed the petitioner to exit the company if desired. No costs were awarded, and the interim order was lifted, ensuring corrective measures for the company's management. Case-Laws Companies Law Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194911