https://www.taxtmi.com/caselaws?id=273350 The High Court allowed the appeal in part, modifying the CLB's order regarding a dispute over oppression and management stalemate in a joint venture company. The court directed both groups to quote competitive prices for the shares, with the higher bidder having the first option to buy the other group's shares. This modification aimed to ensure fair compensation and a smooth transition of management, departing from the CLB's initial order for a sale at a price determined by a valuer. The second respondent was granted the option to seek additional directions from the CLB if needed. en-us Tue, 13 Nov 2007 00:00:00 +0530 Wed, 20 Jun 2018 10:25:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273350 The High Court allowed the appeal in part, modifying the CLB's order regarding a dispute over oppression and management stalemate in a joint venture company. The court directed both groups to quote competitive prices for the shares, with the higher bidder having the first option to buy the other group's shares. This modification aimed to ensure fair compensation and a smooth transition of management, departing from the CLB's initial order for a sale at a price determined by a valuer. The second respondent was granted the option to seek additional directions from the CLB if needed. Case-Laws Companies Law Tue, 13 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273350