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    <title>2008 (5) TMI 736 - COMPANY LAW BOARD, CHENNAI</title>
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    <description>The Company Law Board (CLB) dismissed the petitioner&#039;s claims of oppression and mismanagement, upheld the validity of meetings and resolutions, and directed the petitioner to exit the company by selling its shares to the second respondent. The CLB found that the second respondent&#039;s efforts to revive the company justified the petitioner&#039;s exit, emphasizing the company&#039;s survival as the paramount interest.</description>
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    <pubDate>Thu, 15 May 2008 00:00:00 +0530</pubDate>
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      <description>The Company Law Board (CLB) dismissed the petitioner&#039;s claims of oppression and mismanagement, upheld the validity of meetings and resolutions, and directed the petitioner to exit the company by selling its shares to the second respondent. The CLB found that the second respondent&#039;s efforts to revive the company justified the petitioner&#039;s exit, emphasizing the company&#039;s survival as the paramount interest.</description>
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