https://www.taxtmi.com/caselaws?id=280641 The Tribunal found in favor of the appellant on allegations of oppression and mismanagement, illegal removal from directorship, non-payment of dividends, and siphoning off funds. It directed fair valuation of the appellant's shares and provided an exit mechanism. The respondents were prohibited from receiving remuneration until the appellant's exit was finalized. The order included reinstating the appellant as a director temporarily and allowing potential share purchase at a discounted rate. The Tribunal ensured proper implementation of the order and prohibited future remunerations or alienation of company assets. The appeal was disposed of with no costs awarded. en-us Fri, 21 Jul 2017 00:00:00 +0530 Wed, 15 May 2019 07:26:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280641 The Tribunal found in favor of the appellant on allegations of oppression and mismanagement, illegal removal from directorship, non-payment of dividends, and siphoning off funds. It directed fair valuation of the appellant's shares and provided an exit mechanism. The respondents were prohibited from receiving remuneration until the appellant's exit was finalized. The order included reinstating the appellant as a director temporarily and allowing potential share purchase at a discounted rate. The Tribunal ensured proper implementation of the order and prohibited future remunerations or alienation of company assets. The appeal was disposed of with no costs awarded. Case-Laws Companies Law Fri, 21 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280641