https://www.taxtmi.com/highlights?id=105038 Compulsory share buy-out orders in oppression and mismanagement proceedings require a prior finding that the alleged conduct falls within the statutory framework and satisfaction of the requisite conditions before remedial powers may be exercised. The share-purchase power is consequential rather than independent. A compulsory buy-out must also rest on the shares' current value at the determination date, or on a valuation closely proximate to that date. Failure to object to a valuation does not remove the Tribunal's duty to assess its genuineness and suitability. A valuation based on an earlier financial position was insufficient; the buy-out direction was quashed and fresh valuation and merits determination were required. en-us Fri, 16 Oct 2026 05:20:55 +0530 Fri, 16 Oct 2026 05:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105038 Compulsory share buy-out orders in oppression and mismanagement proceedings require a prior finding that the alleged conduct falls within the statutory framework and satisfaction of the requisite conditions before remedial powers may be exercised. The share-purchase power is consequential rather than independent. A compulsory buy-out must also rest on the shares' current value at the determination date, or on a valuation closely proximate to that date. Failure to object to a valuation does not remove the Tribunal's duty to assess its genuineness and suitability. A valuation based on an earlier financial position was insufficient; the buy-out direction was quashed and fresh valuation and merits determination were required. Highlights Companies Law Fri, 16 Oct 2026 05:20:55 +0530 https://www.taxtmi.com/highlights?id=105038