https://www.taxtmi.com/caselaws?id=281182 The Tribunal ruled in favor of the Petitioner, stating that the Financial Collaboration Agreement (FCA) is binding on the company. The removal of the Petitioner from the post of Director was deemed invalid, while the removal from the post of Managing Director was upheld. The claim for 25% shareholding was rejected. The Petitioner was awarded compensation of Rs. 105 lakhs with interest and other benefits, and the respondents were directed to purchase the Petitioner's shares at mutually agreed rates. The petition was disposed of with no order as to costs. en-us Thu, 19 Jul 2018 00:00:00 +0530 Thu, 06 Jun 2019 21:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281182 The Tribunal ruled in favor of the Petitioner, stating that the Financial Collaboration Agreement (FCA) is binding on the company. The removal of the Petitioner from the post of Director was deemed invalid, while the removal from the post of Managing Director was upheld. The claim for 25% shareholding was rejected. The Petitioner was awarded compensation of Rs. 105 lakhs with interest and other benefits, and the respondents were directed to purchase the Petitioner's shares at mutually agreed rates. The petition was disposed of with no order as to costs. Case-Laws Companies Law Thu, 19 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281182