https://www.taxtmi.com/caselaws?id=197594 The court found the removal of the petitioner as Managing Director to be oppressive to minority shareholders due to the familial nature of the Company. The petitioner was given the option to remain on the Board or exit with fair consideration for shares. The statutory auditor was tasked with determining the fair value of the petitioner's shares if he chose to exit, allowing the Company to reduce its share capital accordingly. The petition was resolved with these directives. en-us Mon, 24 Nov 2003 00:00:00 +0530 Wed, 10 Jan 2018 15:22:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197594 The court found the removal of the petitioner as Managing Director to be oppressive to minority shareholders due to the familial nature of the Company. The petitioner was given the option to remain on the Board or exit with fair consideration for shares. The statutory auditor was tasked with determining the fair value of the petitioner's shares if he chose to exit, allowing the Company to reduce its share capital accordingly. The petition was resolved with these directives. Case-Laws Companies Law Mon, 24 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197594