https://www.taxtmi.com/caselaws?id=287269 The tribunal found in favor of the petitioners, legal heirs of a deceased royal, in a dispute over the estate and shareholding of Jai Mahal Hotels Private Limited. The increase in share capital and appointments made without proper notice were deemed oppressive and lacking probity. The tribunal set aside these actions, ordered a special audit to investigate fund siphoning, reconstituted the company's board with petitioners' nominees, and imposed costs on the respondents under Sections 397 and 398 of the Companies Act, 1956. en-us Wed, 01 Aug 2018 00:00:00 +0530 Tue, 07 Apr 2020 09:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287269 The tribunal found in favor of the petitioners, legal heirs of a deceased royal, in a dispute over the estate and shareholding of Jai Mahal Hotels Private Limited. The increase in share capital and appointments made without proper notice were deemed oppressive and lacking probity. The tribunal set aside these actions, ordered a special audit to investigate fund siphoning, reconstituted the company's board with petitioners' nominees, and imposed costs on the respondents under Sections 397 and 398 of the Companies Act, 1956. Case-Laws Companies Law Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287269