https://www.taxtmi.com/caselaws?id=195827 The Company Law Board (CLB) found that the alleged oppressive allotment of shares by the OPA group without proper resolutions was invalid. The RMS group retained their rights as shareholders, with no evidence of abandonment. The CLB directed a general meeting to reconstitute the board based on shareholding as of October 2003, allowing for a fair valuation mechanism for share buyouts to resolve the dispute equitably. en-us Fri, 30 Oct 2009 00:00:00 +0530 Sat, 11 Nov 2017 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195827 The Company Law Board (CLB) found that the alleged oppressive allotment of shares by the OPA group without proper resolutions was invalid. The RMS group retained their rights as shareholders, with no evidence of abandonment. The CLB directed a general meeting to reconstitute the board based on shareholding as of October 2003, allowing for a fair valuation mechanism for share buyouts to resolve the dispute equitably. Case-Laws Companies Law Fri, 30 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195827