https://www.taxtmi.com/caselaws?id=381140 The National Company Law Appellate Tribunal upheld the order of the National Company Law Tribunal, Chandigarh, allowing the petitioner to exit the company due to disrupted functioning caused by a lack of trust among shareholders. The Appellate Tribunal issued directions, including reinstating the appellant as a director, determining acquisition value per share, granting the right to purchase shares at a discount, and restricting remunerations. The appeal on remuneration payment was dismissed in the 2019 order, emphasizing adherence to previous directions without revisiting resolved issues. The appeal lacked merit, no costs were imposed, and the delay petition was condoned. en-us Mon, 27 May 2019 00:00:00 +0530 Wed, 05 Jun 2019 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381140 The National Company Law Appellate Tribunal upheld the order of the National Company Law Tribunal, Chandigarh, allowing the petitioner to exit the company due to disrupted functioning caused by a lack of trust among shareholders. The Appellate Tribunal issued directions, including reinstating the appellant as a director, determining acquisition value per share, granting the right to purchase shares at a discount, and restricting remunerations. The appeal on remuneration payment was dismissed in the 2019 order, emphasizing adherence to previous directions without revisiting resolved issues. The appeal lacked merit, no costs were imposed, and the delay petition was condoned. Case-Laws Companies Law Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381140