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Mrs. Sushma Harish Sharma And Shri Gagan ... vs Hotel Horizon Pvt. Ltd. And Ors. on 20 December, 2006 cites

M.K. Haridas And Ors. vs Asal Malabar Beedi Depot Pvt. Ltd. And ... on 12 February, 2002

Likewise, in M.K. Haridas v. Asal Malabar VD Depot Pvt. Ltd. 110 CC 31, this Board has held that in a family company any disturbance in the long held shareholding would amount to an act of oppression. Since in the present case, by the fraudulent issue of 63000 shares, the 2nd and 3rd respondents had disturbed the long held shareholding position and also had issued the shares in their favour solely to enrich themselves, the allotment of these shares should be held as illegal and invalid and therefore should be cancelled.
Company Law Board Cites 8 - Cited by 5 - Full Document
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