https://www.taxtmi.com/caselaws?id=373222 The Appellate Tribunal overturned the NCLT's decision regarding the transfer of shares, finding the 2007 Gift Deed valid while deeming the 2002 transfer ineffective. Financial mismanagement allegations were upheld, leading to the need for an investigation. Shareholder oppression claims were recognized, resulting in the removal and appointment of directors. An Independent Director was mandated, and a government investigation into company affairs was ordered. The Tribunal stressed shareholder protection and proper management, with costs imposed on Respondents 2 and 3. en-us Fri, 07 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373222 The Appellate Tribunal overturned the NCLT's decision regarding the transfer of shares, finding the 2007 Gift Deed valid while deeming the 2002 transfer ineffective. Financial mismanagement allegations were upheld, leading to the need for an investigation. Shareholder oppression claims were recognized, resulting in the removal and appointment of directors. An Independent Director was mandated, and a government investigation into company affairs was ordered. The Tribunal stressed shareholder protection and proper management, with costs imposed on Respondents 2 and 3. Case-Laws Companies Law Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373222