https://www.taxtmi.com/caselaws?id=196949 The Court directed the valuation of Defendant No.1's cloud computing business by reputable valuers and restrained them from declaring dividends pending further orders. The Defendant was required to provide details of payments made and was prohibited from making any decisions on dividends without Court approval. The matter was adjourned to 31st January 2012, with further proceedings scheduled at the AGM on 4th February 2012, where the ad-interim reliefs would be addressed before the shareholders. The Court would monitor the Defendant's actions regarding dividend declaration. en-us Fri, 23 Dec 2011 00:00:00 +0530 Tue, 19 Dec 2017 18:32:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196949 The Court directed the valuation of Defendant No.1's cloud computing business by reputable valuers and restrained them from declaring dividends pending further orders. The Defendant was required to provide details of payments made and was prohibited from making any decisions on dividends without Court approval. The matter was adjourned to 31st January 2012, with further proceedings scheduled at the AGM on 4th February 2012, where the ad-interim reliefs would be addressed before the shareholders. The Court would monitor the Defendant's actions regarding dividend declaration. Case-Laws Companies Law Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196949