Distribution of shares based on unchallenged takeover agreement couldn't also be challenged

COMPANY LAW: Where erstwhile firm, in which appellant was partner, was dissolved and merged with a company and partners agreed to allotment of shares in proportion to capital account in terms of Takeover Agreement, since Takeover Agreement was not challenged, allegation of prejudice to appellant as a member of successor company was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2qPDaCS