https://www.taxtmi.com/caselaws?id=196723 The Co. petition concerning the removal of a director and alleged mismanagement resulted in the reinstatement of the petitioner as director due to an illegal removal process lacking quorum. The petitioner must return the refund order to the company's accounts. Additionally, the petitioner has the option to sell their shares back to the company based on an independent valuation, with a valuer appointed by the Board if the petitioner opts to exit. The petition is allowed with no costs awarded. en-us Thu, 15 Jul 2004 00:00:00 +0530 Wed, 12 Jun 2024 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196723 The Co. petition concerning the removal of a director and alleged mismanagement resulted in the reinstatement of the petitioner as director due to an illegal removal process lacking quorum. The petitioner must return the refund order to the company's accounts. Additionally, the petitioner has the option to sell their shares back to the company based on an independent valuation, with a valuer appointed by the Board if the petitioner opts to exit. The petition is allowed with no costs awarded. Case-Laws Companies Law Thu, 15 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196723