9911796707
TMI Blog2019 (6) TMI 217X X X X Extracts X X X X X X X X Extracts X X X X ..... ri, 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 functioning of the company was totally ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 from the date of communication of the acquisition value by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 tribunal is directed to reschedule the date of listing according to the above mentione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r deciding the issue afresh by this Appellate Tribunal which was decided on 21st July, 2017. The Tribunal was required to decide the matter within the four corners of the direction of this Appellate Tribunal given on 21st July, 2017 and not beyond the same. 7. For the reasons aforesaid, we are not inclined to interfere with the impugned order dated 28th February, 2019. In absence of any merit, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
