https://www.taxtmi.com/caselaws?id=199608 The case involved allegations of oppressive allotment of shares, validity of board decisions, embezzlement of funds, and valuation of shares. The petitioners claimed the respondents unfairly issued shares to themselves, altering majority status. The board's decision was deemed invalid due to lack of notice to all directors. Both parties accused each other of financial misconduct. The Company Law Board directed the appointment of an independent valuer to determine fair share value, with parties to suggest a valuer or have one appointed by the CLB if no agreement reached. No costs order was made. en-us Mon, 26 Apr 1999 00:00:00 +0530 Wed, 07 Mar 2018 16:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199608 The case involved allegations of oppressive allotment of shares, validity of board decisions, embezzlement of funds, and valuation of shares. The petitioners claimed the respondents unfairly issued shares to themselves, altering majority status. The board's decision was deemed invalid due to lack of notice to all directors. Both parties accused each other of financial misconduct. The Company Law Board directed the appointment of an independent valuer to determine fair share value, with parties to suggest a valuer or have one appointed by the CLB if no agreement reached. No costs order was made. Case-Laws Companies Law Mon, 26 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199608