https://www.taxtmi.com/caselaws?id=353272 The Tribunal found in favor of the petitioner in a Company Petition under Section 397/398 of the Companies Act, 1956. It declared the share transfers to the petitioner as valid, rejected claims of re-appointments by Respondent Nos. 2 to 4, invalidated a Form 32 filing, and deemed property transactions by Respondent Nos. 2 to 5 as illegal and void. Relief granted included removal of Respondent Nos. 2 to 5 as Directors, setting aside property transactions, directing changes in records, and dismissing a related application lacking merit. The Tribunal aimed to rectify mismanagement and protect the Company's interests and shareholders. en-us Thu, 09 Nov 2017 00:00:00 +0530 Mon, 01 Jan 2018 06:00:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353272 The Tribunal found in favor of the petitioner in a Company Petition under Section 397/398 of the Companies Act, 1956. It declared the share transfers to the petitioner as valid, rejected claims of re-appointments by Respondent Nos. 2 to 4, invalidated a Form 32 filing, and deemed property transactions by Respondent Nos. 2 to 5 as illegal and void. Relief granted included removal of Respondent Nos. 2 to 5 as Directors, setting aside property transactions, directing changes in records, and dismissing a related application lacking merit. The Tribunal aimed to rectify mismanagement and protect the Company's interests and shareholders. Case-Laws Companies Law Thu, 09 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353272