https://www.taxtmi.com/caselaws?id=199596 The Company Law Board ordered the division of the company's assets to resolve disputes between two groups, appointing an independent chairman to oversee the process. The division involved the petitioners managing the forge division and the respondents managing the other two divisions. Valuation of shares and divisions was to be conducted by a valuer appointed by ICICI. The company was directed to purchase the petitioners' shares and effect a reduction in share capital to protect the interests of financial institutions and ensure the company's ongoing operation without conflicts. en-us Tue, 30 Nov 1999 00:00:00 +0530 Wed, 07 Mar 2018 14:15:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199596 The Company Law Board ordered the division of the company's assets to resolve disputes between two groups, appointing an independent chairman to oversee the process. The division involved the petitioners managing the forge division and the respondents managing the other two divisions. Valuation of shares and divisions was to be conducted by a valuer appointed by ICICI. The company was directed to purchase the petitioners' shares and effect a reduction in share capital to protect the interests of financial institutions and ensure the company's ongoing operation without conflicts. Case-Laws Companies Law Tue, 30 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199596