https://www.taxtmi.com/caselaws?id=296870 The Company Petition filed under Sections 397-398 of the Companies Act, 1956 was resolved through a settlement agreement. The agreement involved the purchase of shares by certain respondents from the petitioners, withdrawal of all pending cases against the respondents, and the allocation of financial liabilities among board members. Following the settlement, a closure of the Company Petition was requested and granted by the Tribunal without costs, effectively ending the legal proceedings between the parties. en-us Mon, 17 Feb 2020 00:00:00 +0530 Mon, 09 Aug 2021 20:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296870 The Company Petition filed under Sections 397-398 of the Companies Act, 1956 was resolved through a settlement agreement. The agreement involved the purchase of shares by certain respondents from the petitioners, withdrawal of all pending cases against the respondents, and the allocation of financial liabilities among board members. Following the settlement, a closure of the Company Petition was requested and granted by the Tribunal without costs, effectively ending the legal proceedings between the parties. Case-Laws Companies Law Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296870