2019 (6) TMI 217

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....mber(Judicial) And Kanthi Narahari, Member (Technical) For The Appellant : Mr. Saurabh Kalia, Advocate ORDER A decision was taken by the National Company Law Tribunal ("Tribunal" for short), Chandigarh Bench, Chandigarh, in Company Petition filed under Sections 397, 398, 402, 403 & 406 of the Companies Act, 1956 which was decided by the Tribunal on 19th January, 2017 by holding that the f....

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....) That the appellant shall be given the right to purchase the value of shareholding of R2 and R3. However, to compensate the appellant being minority shareholder having received neither remuneration nor dividend, he shall be given the 4 right to purchase the shareholding of R2 and R3 at a discount of 10% to the quoted rate. (iv) The appellant shall exercise the above right within 15 days ....

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....or future till the accounts are finalised and either party is provided exit from the R1 company, which would be liable to be distributed among the shareholders to the extent of shareholding of the appellant and respondents no. 2 to 4. The appellant and respondents shall not transfer, lease or otherwise alienate any immovable assets of the company during the interregnum. (viii) Further the....