assistance in the determination of the question whether the directors and controlling shareholders of the company were guilty of any acts of oppression or prejudicial ... petition and the aforesaid conduct of the directors and the controlling shareholders was actuated by the motive of extraction Shah Manilal Mulchand from its obligation
equity shares of any other listed company. (2) The dissenting shareholders being those shareholders who have not agreed to the proposal to vary the terms ... prospectus, shall be given an exit offer by promoters or controlling shareholders at such exit price, and in such manner and conditions
giving protection to shareholders from oppression and mismanagement of the controlling shareholders. Though by the Amendment Act, 1988 , the power to grant relief under Section ... following acts of the controlling shareholders to be oppressive to minority shareholders : (1) The power exercised by the controlling shareholders is directed to destroy
shareholders by adducing some positive evidence
about the absence of control by the controlling
shareholders. [410-B]
5. No single factor can be decisive ... shareholders by adducing some positive
evidence about the absence of control by the controlling
shareholders.
So far as Rama Jain is concerned
continue to control these properties then he will exclusively control and manage the entire estate as the deceased lady was controlling during her lifetime ... wealth of M. P. Birla Group are controlled and can be controlled by virtue of majority shareholding in the key investment companies. It is neither
Sadbhav Infrastructure Project ... vs Company Law Board & on 14 August, 2014
Author: C.L
continue to control these properties then he will exclusively control and manage the entire estate as the deceased lady was controlling during her lifetime ... wealth of M.P. Birla Group are controlled and can be controlled by virtue of majority shareholding in the key investment companies. It is neither
control
acquired is equal to or less than the control exercised by
person(s) prior to such acquisition of control, such control
shall ... shares held
by a controlling shareholder or group of shareholders than
it offers to the other shareholders; the difference in price
does not indicate that
virtue of its 51% shareholding i.e. marginally higher shareholding than that of the Acquirer i.e. 49% shareholding in EBITO.
The Acquirer has also ... this order come under the category of change of control from joint control to single control and thereby exempted from the compliance of the requirements
mere shareholder."
8. Ld. Counsel submits that the Appellant is the 51% equity shareholder
of the Corporate Debtor and holds administrative control over ... that its rights, as a controlling shareholder and
preference shareholder of the CD, and as an indirect controller of the
borrower AOP, stand directly affected
