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

August 8, 2019[2019] 111 329 (NCL-AT)

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

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