https://www.taxtmi.com/highlights?id=63822 Oppression and mismanagement - issuance of fresh share capital - the shareholding of the Petitioner was reduced rom 84% to 42%. - It is clear that the R1 Company was established by the 2nd Respondent with the help and investment of the petitioner. It is settled law that when a matter is before NCLT under Section 241-242 irrespective of what parties plead, say, or do, the paramount consideration of the Tribunal is to keep in view what is in the interests of the Company - this Tribunal finds it appropriate to get a valuation of the shares which may enable the Petitioner to leave the company with fair value and fair interest. - Tri en-us Thu, 02 Jun 2022 13:34:18 +0530 Thu, 02 Jun 2022 13:34:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63822 Oppression and mismanagement - issuance of fresh share capital - the shareholding of the Petitioner was reduced rom 84% to 42%. - It is clear that the R1 Company was established by the 2nd Respondent with the help and investment of the petitioner. It is settled law that when a matter is before NCLT under Section 241-242 irrespective of what parties plead, say, or do, the paramount consideration of the Tribunal is to keep in view what is in the interests of the Company - this Tribunal finds it appropriate to get a valuation of the shares which may enable the Petitioner to leave the company with fair value and fair interest. - Tri Highlights Companies Law Thu, 02 Jun 2022 13:34:18 +0530 https://www.taxtmi.com/highlights?id=63822