https://www.taxtmi.com/caselaws?id=196249 The petitioner, alleging wrongful removal as director of ECL Agrotech Limited, claimed oppression and mismanagement under Companies Act, 1956. The company's quasi-partnership status was disputed, with the removal deemed unjustified. Allegations of fund siphoning lacked evidence. The company was recognized as a quasi-partnership, allowing the petitioner to challenge the ouster. Share valuation for buyout was based on March 31, 1998, balance-sheet, directing respondents to purchase shares at valuation. The petition was disposed of, ensuring fair treatment while acknowledging petitioner's fiduciary breaches. en-us Thu, 15 Jul 1999 00:00:00 +0530 Thu, 23 Nov 2017 11:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196249 The petitioner, alleging wrongful removal as director of ECL Agrotech Limited, claimed oppression and mismanagement under Companies Act, 1956. The company's quasi-partnership status was disputed, with the removal deemed unjustified. Allegations of fund siphoning lacked evidence. The company was recognized as a quasi-partnership, allowing the petitioner to challenge the ouster. Share valuation for buyout was based on March 31, 1998, balance-sheet, directing respondents to purchase shares at valuation. The petition was disposed of, ensuring fair treatment while acknowledging petitioner's fiduciary breaches. Case-Laws Companies Law Thu, 15 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196249