https://www.taxtmi.com/caselaws?id=362125 The Appellate Tribunal found in favor of the Original Petitioner, setting aside illegal share transfers and actions by the Respondents. The Tribunal directed the appointment of an Administrator and Independent Auditor, assessment of fair market value of shares, and offered parties the option to buy out at a higher price. Costs were imposed on the Respondents, who were directed to comply immediately with the judgment. The Tribunal also restored the shareholding to the status before the petitions were filed, emphasizing compliance with company law and Articles of Association. en-us Mon, 28 May 2018 00:00:00 +0530 Wed, 20 Jun 2018 11:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362125 The Appellate Tribunal found in favor of the Original Petitioner, setting aside illegal share transfers and actions by the Respondents. The Tribunal directed the appointment of an Administrator and Independent Auditor, assessment of fair market value of shares, and offered parties the option to buy out at a higher price. Costs were imposed on the Respondents, who were directed to comply immediately with the judgment. The Tribunal also restored the shareholding to the status before the petitions were filed, emphasizing compliance with company law and Articles of Association. Case-Laws Companies Law Mon, 28 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362125