https://www.taxtmi.com/caselaws?id=430943 The tribunal found the allotment of 984 unsubscribed shares and the Joint Development Agreement to be acts of oppression and mismanagement by the R-1 Company and its Board of Directors. The allotment was deemed null and void, and a fresh valuation of the land and a new agreement were ordered to benefit the company. The NCLT's decision was overturned, and the company was instructed to comply with the tribunal's directives within three months to uphold the law and protect its members. en-us Wed, 30 Nov 2022 00:00:00 +0530 Thu, 01 Dec 2022 16:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430943 The tribunal found the allotment of 984 unsubscribed shares and the Joint Development Agreement to be acts of oppression and mismanagement by the R-1 Company and its Board of Directors. The allotment was deemed null and void, and a fresh valuation of the land and a new agreement were ordered to benefit the company. The NCLT's decision was overturned, and the company was instructed to comply with the tribunal's directives within three months to uphold the law and protect its members. Case-Laws Companies Law Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430943