court to do justice to the injured shareholders--is to order the oppressor to buy their shares at a fair price;.... Once the oppressor ... company can survive".
17. From these cases, certain propositions emerge: The oppressor to purchase the shares of the oppressed, majority should normally have
order to do justice to the injured shareholders may order the oppressor to buy their shares at a fair price as on the date ... petition, if there have been no oppression. Once the oppressor buys the shares, the Company can survive and can continue to operate as held
Yashovardhan Saboo vs Groz-Beckert Saboo Ltd. And Ors. on 22 October, 1992
Equivalent citations
Binod Kumar Agarwal And Ors. vs Ringtong Tea Company Private Ltd. And ... on 26 July
Tenneco Mauritius Limited vs Bangalore Union Services Limited, Dr. ... on 9 December, 2002
Equivalent citations
above three cases are on the proposition that the oppressor should be directed to purchase the shares of the oppressed on a valuation
Prosad v. Sindri Iyon Foundry Pvt. Ltd. (AIR 1966 Cal. 512) the oppressor was directed to purchase the shares held by oppressed. This Board itself
would bear the whips and scorns of time, the oppressors
wrong .... the law's delay", it was explained. Frequent adjournment by
the litigants
this case, asking the oppressed to sell his share to the oppressor not only fails to redress the wrong done to the oppressed but would
Radhe Shyam Tulsian And Ors. vs Panchmukhi Investment Ltd. And Ors. on 16 October, 2001
