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    <title>1999 (6) TMI 483 - COMPANY LAW BOARD</title>
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    <description>The Board found that the petitioners failed to substantiate their allegations of mismanagement against the respondents. Despite this, due to the strained relationship between the parties, the Board ordered the purchase of the petitioners&#039; shares by either the respondents or the company to avoid future disputes and ensure the company&#039;s operational continuity. An independent chartered accountant was tasked with valuing the shares, and the purchase was to be finalized within a specified period.</description>
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      <description>The Board found that the petitioners failed to substantiate their allegations of mismanagement against the respondents. Despite this, due to the strained relationship between the parties, the Board ordered the purchase of the petitioners&#039; shares by either the respondents or the company to avoid future disputes and ensure the company&#039;s operational continuity. An independent chartered accountant was tasked with valuing the shares, and the purchase was to be finalized within a specified period.</description>
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