brother controls majority shares. In other words, a new absolute majority has been created in this company in which at no point of time ... directors only with the view to create a new absolute majority in favour of the 2" respondent as is evidenced by subsequent events
company but also has resulted in creation of a new and absolute majority. The second allegation is that immediately after Media West became a shareholder ... than 50% shares in the company and has thus become an absolute majority. Creation of a new majority has always been considered to be oppressive
essential for the success of the company. However, after gaining absolute majority in the company both in terms of shareholding and directorship, the second respondent ... reduce the petitioner's shareholding from 31% shares to an absolute minority, the 2nd respondent caused the company to allot further shares. Even though
Investments (P) Ltd. and M/s. KAR Investments (P) Ltd.; and absolutely there is no justification to hold that the appellant-companies have enjoyed ... cent. This is because a special resolution needs a 3/4th majority. When the Euro-issue was contemplated, the promoters have enjoyed a share-holding
Investments (P) ITD. and M/s KAR Investments (P) ITD.; and absolutely there is no justification to hold that the appellant- companies have enjoyed ... cent. This is because a special resolution needs a 3/4th majority. When the euro-issue was contemplated, the promoters have enjoyed a shareholding
Radhe Shyam Tulsian And Ors. vs Panchmukhi Investment Ltd. And Ors. on 16 October, 2001
respondent were relegated to a minority and that the respondents became absolute majority and whether such allotment of shares to the respondents could be considered
conduct of the majority shareholders is oppressive to the minority as members, which must be continuous on the part of the majority shareholders, continuing upto ... equity share capital of the Company never exercised its absolute majority to take advantage of Article 6 , but offered the additional shares to all shareholders
Investments (P.) Ltd. and M/s. KAR Investments (P.) Ltd.; and absolutely there is no justification to hold that the appellant-companies have enjoyed ... than 2596. This is because a special Resolution needs a 3/4th majority. When the Euro-issue was contemplated, the promoters have enjoyed a share
directors.
ii. Affidavits of all the six directors constituting absolute majority belonging to the petitioner group have denied any such board meeting or the receipt
