https://www.taxtmi.com/caselaws?id=280696 The court found the impugned resolution lacking in material details but did not establish malafide intentions or continuous oppression. A new EOGM was ordered upon identifying a buyer, with the petitioner granted an opportunity to present a better offer. The petition's maintainability was upheld, rejecting objections of suppression of material facts. Relief to set aside the resolutions was denied, and the Board must provide detailed information on the sale post buyer identification. The petitioner has 15 days to present an offer for the Board's consideration, with reasons for acceptance or rejection to be recorded. No costs were awarded. en-us Fri, 13 Dec 2013 00:00:00 +0530 Fri, 17 May 2019 14:44:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280696 The court found the impugned resolution lacking in material details but did not establish malafide intentions or continuous oppression. A new EOGM was ordered upon identifying a buyer, with the petitioner granted an opportunity to present a better offer. The petition's maintainability was upheld, rejecting objections of suppression of material facts. Relief to set aside the resolutions was denied, and the Board must provide detailed information on the sale post buyer identification. The petitioner has 15 days to present an offer for the Board's consideration, with reasons for acceptance or rejection to be recorded. No costs were awarded. Case-Laws Companies Law Fri, 13 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280696