https://www.taxtmi.com/caselaws?id=197761 The court held that the petitioners were recognized as members of the company for over 20 years and directed the company to restore their names in the register of members. It was determined that the entitlement to space/flats was a contractual matter and not linked to shareholding. The 1st petitioner was to continue as a director, and the appointment of the 2nd respondent as Managing Director was not deemed oppressive. Actions by the respondents, such as removing names from the register without original documents, were found to be oppressive. The court suggested the petitioners sell their shares to the company at a fair valuation due to irreparable trust loss. en-us Thu, 21 Dec 2006 00:00:00 +0530 Mon, 15 Jan 2018 14:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197761 The court held that the petitioners were recognized as members of the company for over 20 years and directed the company to restore their names in the register of members. It was determined that the entitlement to space/flats was a contractual matter and not linked to shareholding. The 1st petitioner was to continue as a director, and the appointment of the 2nd respondent as Managing Director was not deemed oppressive. Actions by the respondents, such as removing names from the register without original documents, were found to be oppressive. The court suggested the petitioners sell their shares to the company at a fair valuation due to irreparable trust loss. Case-Laws Companies Law Thu, 21 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197761