https://www.taxtmi.com/caselaws?id=199617 The court dismissed the appeal, ruling in favor of the respondents. It held that the share transfers were valid, complying with the Companies Act and the company's Articles of Association. The court found that the appellants had acquiesced in the transfers, waived their objections, and suppressed material facts. Relief under Section 155 of the Companies Act was denied due to the discretionary nature of the provision and the appellants' conduct. Other issues, such as the mandatory nature of Section 108(1A), were left unaddressed. en-us Tue, 08 Mar 1994 00:00:00 +0530 Wed, 07 Mar 2018 18:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199617 The court dismissed the appeal, ruling in favor of the respondents. It held that the share transfers were valid, complying with the Companies Act and the company's Articles of Association. The court found that the appellants had acquiesced in the transfers, waived their objections, and suppressed material facts. Relief under Section 155 of the Companies Act was denied due to the discretionary nature of the provision and the appellants' conduct. Other issues, such as the mandatory nature of Section 108(1A), were left unaddressed. Case-Laws Companies Law Tue, 08 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199617