https://www.taxtmi.com/caselaws?id=413544 The National Company Law Tribunal (NCLT) addressed allegations of oppression and mismanagement in a family business, leading to a deadlock in company management. The tribunal appointed a Special Officer to oversee board meetings and valuation of shares. Despite objections from the respondents, the NCLT upheld the valuation process, emphasizing the need to resolve the deadlock through a buyout/sellout process. The judgment dismissed appeals and affirmed the valuation, aiming to balance the parties' interests and ensure the company's stability. en-us Tue, 13 Jul 2021 00:00:00 +0530 Thu, 25 Nov 2021 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413544 The National Company Law Tribunal (NCLT) addressed allegations of oppression and mismanagement in a family business, leading to a deadlock in company management. The tribunal appointed a Special Officer to oversee board meetings and valuation of shares. Despite objections from the respondents, the NCLT upheld the valuation process, emphasizing the need to resolve the deadlock through a buyout/sellout process. The judgment dismissed appeals and affirmed the valuation, aiming to balance the parties' interests and ensure the company's stability. Case-Laws Companies Law Tue, 13 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413544