https://www.taxtmi.com/caselaws?id=295648 The Tribunal ruled in favor of the petitioners on all issues. The petitioners' requisition was not barred by limitation, the transfer of shares was deemed illegal, the appointment of directors was declared null and void, the increase in authorized capital was invalid, and the allotment of shares was set aside. The Tribunal ordered the rectification of the register of members, set aside the appointments and allotment of shares, and directed the petitioners to file a copy of the order with the ROC. No costs were awarded. en-us Thu, 02 May 2019 00:00:00 +0530 Mon, 14 Jun 2021 09:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295648 The Tribunal ruled in favor of the petitioners on all issues. The petitioners' requisition was not barred by limitation, the transfer of shares was deemed illegal, the appointment of directors was declared null and void, the increase in authorized capital was invalid, and the allotment of shares was set aside. The Tribunal ordered the rectification of the register of members, set aside the appointments and allotment of shares, and directed the petitioners to file a copy of the order with the ROC. No costs were awarded. Case-Laws Insolvency and Bankruptcy Thu, 02 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295648