https://www.taxtmi.com/caselaws?id=751126 Delhi HC upheld CLB's decision regarding division of deceased's shares among three children. Court found 100 shares in Vantage Construction (P) Ltd and 5 shares in Earl Chawla Company (P) Ltd constituted movable property under testator's will, requiring equal division. CLB's cancellation of 9800 shares allotted to one heir was affirmed, finding the allotment was made without valid board meeting and behind other heirs' backs. Court rejected appellant's challenge, noting deceased had acknowledged other heirs' 1/3rd entitlement but sought compensation for alleged losses. Appeal dismissed as CLB's judgment showed no patent illegality or perversity. en-us Wed, 03 Apr 2024 00:00:00 +0530 Sun, 07 Apr 2024 05:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751126 Delhi HC upheld CLB's decision regarding division of deceased's shares among three children. Court found 100 shares in Vantage Construction (P) Ltd and 5 shares in Earl Chawla Company (P) Ltd constituted movable property under testator's will, requiring equal division. CLB's cancellation of 9800 shares allotted to one heir was affirmed, finding the allotment was made without valid board meeting and behind other heirs' backs. Court rejected appellant's challenge, noting deceased had acknowledged other heirs' 1/3rd entitlement but sought compensation for alleged losses. Appeal dismissed as CLB's judgment showed no patent illegality or perversity. Case-Laws Companies Law Wed, 03 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751126