vitiated (2) The Scheme as proposed was unfair to the
minority shareholders represented by the appellant and
consequently it ought to have been sanctioned ... shareholder of merely
5% shares.
It was next contended that the appellant was also an
equity shareholder and so far as the other equity
shareholders
shareholder. This was clearly an act of oppression on
the part of Ramanujam towards the other shareholder who has been reduced to
a minority shareholder ... minority group of
shareholders. An orders directing the majority group of shareholders to
sell his shares to the minority group of shareholders will not redress
group and this amounted to oppression of the minority shareholders.
8. To continue the narrative, it appears that an extraordinary general meeting of the company ... mean oppression of the minority shareholders. The majority shareholders were not bound to accept the view of the minority shareholders that new shares should
affairs of the company acted in a manner oppressive to the minority shareholders or prejudicial to the interests of the company.
9. On or about ... part of the directors constituting oppression of the minority shareholders including the petitioners and prejudicial management of the affairs of the company
share
holdings of the three groups. When one of the two minority
shareholders sold 250 shares, these were equally divided
between the three groups ... oppression of the minority shareholders. The majority
shareholders were not bound to accept a proposal of the
minority shareholders that the new shares should
anything so as to cause
prejudice to the rights of the minority shareholders.
On the contention that a few Articles were oppressive or that they ... Executive Chairman
cannot be projected as oppression of minority shareholders
merely because he also happens to have controlling interest
in companies that hold around
second appellant the respondents
have been reduced to minority shareholders and excluded from the management
and control of the companies and only the relatives ... benefited the Directors in their capacity as shareholders. The
mere circumstance that the Directors derive benefit as shareholders by reason
of the exercise of their
they were their own property to the prejudice of the minority shareholders - and in which just and equitable grounds would exist for the making ... appropriate order might well be open to the minority shareholders with a view to bringing to an end the oppressive conduct of the majority
minority shareholders of the company may offer to the majority shareholders to purchase the minority equity shareholding of the company at the price determined ... majority shareholder or shareholders requiring a full purchase and making payment of price by deposit with the company for any shareholder or shareholders who have
entertain the suit on a cause of auction that the minority shareholders have filed a company petition in the CLB. A legitimate action ... protecting the intellectual property rights of the appellant. As a minority shareholder under an agreement, which basically transferred the technical knowhow with certain conditions
