https://www.taxtmi.com/caselaws?id=196028 The court directed the second respondent to purchase the petitioner's shares and loans with 5% interest per annum within 90 days. The petitioner will remain a director until full payment. Resolutions appointing additional directors are ineffective, and decisions by the reconstituted board are void. The second respondent must withdraw all cases. Failure to pay allows the petitioner to buy the second respondent's shares. The petition was disposed of without costs, vacating interim orders. en-us Wed, 21 Nov 2007 00:00:00 +0530 Fri, 17 Nov 2017 14:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196028 The court directed the second respondent to purchase the petitioner's shares and loans with 5% interest per annum within 90 days. The petitioner will remain a director until full payment. Resolutions appointing additional directors are ineffective, and decisions by the reconstituted board are void. The second respondent must withdraw all cases. Failure to pay allows the petitioner to buy the second respondent's shares. The petition was disposed of without costs, vacating interim orders. Case-Laws Companies Law Wed, 21 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196028