https://www.taxtmi.com/caselaws?id=382827 The NCLT declared the resolutions passed in the EOGM held on 14.11.2009, including the appointment of the 1st respondent as Director, as invalid due to a prior court injunction. Subsequent Board Meetings' resolutions appointing the 1st respondent as Managing Director were also deemed illegal. The issuance of additional shares and increase in authorized share capital were found to unfairly favor certain parties, leading to their re-allotment. Despite procedural irregularities, the NCLT acknowledged acts of oppression and mismanagement, appointing an Administrator to oversee company affairs for six months, including reconstituting the Board of Directors and ensuring compliance with legal requirements. en-us Tue, 28 May 2019 00:00:00 +0530 Thu, 11 Jul 2019 06:21:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382827 The NCLT declared the resolutions passed in the EOGM held on 14.11.2009, including the appointment of the 1st respondent as Director, as invalid due to a prior court injunction. Subsequent Board Meetings' resolutions appointing the 1st respondent as Managing Director were also deemed illegal. The issuance of additional shares and increase in authorized share capital were found to unfairly favor certain parties, leading to their re-allotment. Despite procedural irregularities, the NCLT acknowledged acts of oppression and mismanagement, appointing an Administrator to oversee company affairs for six months, including reconstituting the Board of Directors and ensuring compliance with legal requirements. Case-Laws Companies Law Tue, 28 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382827