https://www.taxtmi.com/caselaws?id=362747 The dismissal of CA 39/2011 was deemed an interim order by the NCLT and did not conclusively resolve the dispute on the removal of certain directors. The filing of CP 16/2012 without responding to CP 86/2010 by the VP Patel Group was upheld as valid. The increase in share capital was justified and not oppressive, but the removal of directors in an EOGM was deemed invalid due to non-compliance with the Companies Act. Financial irregularities were noted, leading to an audit, with the Appellate Tribunal extending it to include a prior financial year. Efforts at compromise were acknowledged, and the NCLT was tasked with deciding on oppression and mismanagement. en-us Mon, 02 Apr 2018 00:00:00 +0530 Tue, 03 Jul 2018 07:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362747 The dismissal of CA 39/2011 was deemed an interim order by the NCLT and did not conclusively resolve the dispute on the removal of certain directors. The filing of CP 16/2012 without responding to CP 86/2010 by the VP Patel Group was upheld as valid. The increase in share capital was justified and not oppressive, but the removal of directors in an EOGM was deemed invalid due to non-compliance with the Companies Act. Financial irregularities were noted, leading to an audit, with the Appellate Tribunal extending it to include a prior financial year. Efforts at compromise were acknowledged, and the NCLT was tasked with deciding on oppression and mismanagement. Case-Laws Companies Law Mon, 02 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362747