https://www.taxtmi.com/caselaws?id=198934 The court upheld the validity of the Board meeting held on 05.02.2005 and the appointments of respondents 2 and 4 as directors. The respondents were held accountable for mismanagement and ordered to reimburse the company for stock value shortfall. The petitioner was directed to exit by selling shares to respondents at a fair value. The court restrained the sale of company properties until petitioner's exit. en-us Fri, 20 Jun 2008 00:00:00 +0530 Tue, 13 Feb 2018 18:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198934 The court upheld the validity of the Board meeting held on 05.02.2005 and the appointments of respondents 2 and 4 as directors. The respondents were held accountable for mismanagement and ordered to reimburse the company for stock value shortfall. The petitioner was directed to exit by selling shares to respondents at a fair value. The court restrained the sale of company properties until petitioner's exit. Case-Laws Companies Law Fri, 20 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198934