https://www.taxtmi.com/caselaws?id=278918 The Tribunal found the Company Petition maintainable as the petitioners met the shareholding requirement and validly executed Powers of Attorney. The agreement dated 09.10.2003 was deemed non-binding due to lack of necessary approvals. Re-appointments of certain directors were upheld as valid, while Respondent Nos. 3 to 5 were declared to have ceased directorship and shareholding. Various reliefs were granted to the petitioners, including declaring certain actions illegal and restraining Respondent Nos. 3 to 5 from interfering in the company's affairs. The Tribunal addressed acts of oppression and mismanagement, restoring the legally constituted Board of Directors. en-us Mon, 15 May 2017 00:00:00 +0530 Sat, 18 May 2019 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278918 The Tribunal found the Company Petition maintainable as the petitioners met the shareholding requirement and validly executed Powers of Attorney. The agreement dated 09.10.2003 was deemed non-binding due to lack of necessary approvals. Re-appointments of certain directors were upheld as valid, while Respondent Nos. 3 to 5 were declared to have ceased directorship and shareholding. Various reliefs were granted to the petitioners, including declaring certain actions illegal and restraining Respondent Nos. 3 to 5 from interfering in the company's affairs. The Tribunal addressed acts of oppression and mismanagement, restoring the legally constituted Board of Directors. Case-Laws Companies Law Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278918