https://www.taxtmi.com/caselaws?id=195666 The court declared the removal of the petitioners from the office of director null and void, set aside the appointment of the third respondent as a director, and directed both groups to submit offers for purchasing shares. The higher bidder would buy out the other group, with liberty given to both parties to realize the purchase consideration from the original transferors. The Registrar of Companies was instructed to ignore statutory returns contrary to these directions, and the case was disposed of with instructions for both groups to present their offers in closed covers on a specified date. en-us Thu, 05 Oct 2006 00:00:00 +0530 Tue, 07 Nov 2017 15:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195666 The court declared the removal of the petitioners from the office of director null and void, set aside the appointment of the third respondent as a director, and directed both groups to submit offers for purchasing shares. The higher bidder would buy out the other group, with liberty given to both parties to realize the purchase consideration from the original transferors. The Registrar of Companies was instructed to ignore statutory returns contrary to these directions, and the case was disposed of with instructions for both groups to present their offers in closed covers on a specified date. Case-Laws Companies Law Thu, 05 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195666