NCLT Ahmedabad declares Mrs. Suryakanta Kothari's 2023 director resignation and share transfer forged, restoring her position.
Tribunal finds Respondent Nos. 2-3 guilty of oppression and mismanagement for fraudulent exclusion and illegal share transfer.
Jigneshbhai Sipariya removed as Managing Director; ROC directed to correct MCA records and restore petitioner's 20% shareholding.
Petitioner's property was mortgaged for a company loan of ₹65 lakhs, exposing her to financial risk during her unlawful exclusion.