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5. The acts of oppression and mismanagement enumerated by Shri S.S. Shah and replies of Shri Seervai made at the time of oral submissions together with allegation-wise findings of this Bench are as under:

(A) ALLEGED ACTS OF OPPRESSION:
Removal of the first petitioner from the office of executive director & Wrongful termination of services of members of the Petitioners' Group Shri S.S. Shah: The respondents constituting the majority had at the Board Meeting held on 01.07.2000, while stripping of the powers of the first petitioner as the Executive Director curtailed his rights and responsibilities, withdrew his powers to attend to day-to-day affairs of the Company, disentitled him to represent the Company, withdrew cheque signing powers etc. empowered the respondents 2 to 4, 6 & 9 to sign the cheques, bills of exchanges and operate the bank accounts of the Company. The removal of the (SIC) petitioner from the office of Executive Director constitutes an act of oppression, in support of which reference was made to Mrs. Senthamarai Munusamy v. Microparticle Engineers Pvt. Ltd.-[2001] 105 CC 526. This act of the majority is wrongful and burdensome preventing the minority group from participating in the affairs and administration of the Company.