Court :
NCLAT
Brief :
The Discretionary Power of Directors to refuse 'Transfer of Shares' is not to be resorted to in a deliberate or arbitrary fashion but in good faith. The Directors are to give due weightage to shareholder's right to transfer his share.
Citation :
M/s Vintage Hotels Private Limited & Ors.(Appellants) vs. Mr. Ahamed Nizar Moideen Kunhi Kunhimahin (Respondent) - Dated: 12.11.2020
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