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    <title>2015 (12) TMI 1857 - COMPANY LAW BOARD CHENNAI BENCH</title>
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    <description>The court found in favor of the respondents, upholding the legality of the Board resolutions appointing new directors, allotment of shares, and the removal of the petitioner as Managing Director. The court determined that the petitioner had consented to these actions and that they were in line with the Articles of Association. The petitioner&#039;s claims of oppression and mismanagement were dismissed as frivolous, and the court ruled in favor of the respondents, with no costs awarded to either party.</description>
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      <description>The court found in favor of the respondents, upholding the legality of the Board resolutions appointing new directors, allotment of shares, and the removal of the petitioner as Managing Director. The court determined that the petitioner had consented to these actions and that they were in line with the Articles of Association. The petitioner&#039;s claims of oppression and mismanagement were dismissed as frivolous, and the court ruled in favor of the respondents, with no costs awarded to either party.</description>
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