conducted in a manner prejudicial to public interest and in a manner oppressive to respondents Nos. 1 to 4. It is argued that respondents ... appeals have given all the particulars of instances of the oppressive and prejudicial acts of the appellants in both the appeals to attract the jurisdiction
were mismanaging the affairs of the company and oppressing the minority. The main reliefs claimed on the above allegations were :
(i) declare the co-option ... board of directors as unfit for holding office by reason of mismanagement, oppression and fraud ;
(iii) appoint an administrator till a legally constituted board
shareholder had effective remedies under the Companies Act for prevention of oppression and mismanagement, the High Court should not readily entertain a petition under Article ... that the nature of the allegations in the two suits are of oppression and mismanagement coming under the purview of Sections
Articles of association of the company were amended in order to oppress minority shareholders.
(2) The affairs of the company are being grossly mismanaged ... being run as a family concern and that the minority shareholders are oppressed are all denied as incorrect. As regards the alleged mismanagement and oppression
company and to supersede the Board of Directors of the Company. Oppression and mismanagement, illegal allotment of 17,865 equity shares, manipulation of records ... making an offer to the petitioners, the respondents had acted in an oppressive manner towards the petitioners. In the normal course, allotment of shares which
other words, unless it be
proved that they were acting oppressively, capriciously or corruptly, or in some mala fide manner, the courts have no jurisdiction ... discretion to reject the application for transfer without stating reasons in an oppressive, capricious, whimsical or arbitrary manner, or that the exercise of its powers
shareholders on the ratio of
1:4 without any discrimination.
3. Contending oppression and mismanagement,
petitioners approached the Company Law Board alleging that
they have ... other acts done by the majority shareholders will amount to
"oppression and mismanagement". It is also submitted that a
special investigation center
rotation) has conducted the affairs of the company in a manner oppressive to the minority shareholders including the petitioners.
3. Before I go into ... enough for a petitioner under Section 397 to show that the oppressive acts of the majority shareholders have brought about circumstances which warrant a winding
conducting the affairs of the company in a manner oppressive to
the plaintiff, who is a member of the company, without
convening a general body ... company, when the affairs of the company are managed in a
manner oppressive and if there is mismanagement to other share
holders, is to make
Patel cars Private Limited.
3. Petitioners in the company petition, alleging oppression and
mismanagement in the affairs of the Company by co-share holders ... Company Law Board including the
finding that there is no oppression and mismanagement, based on which
some of the reliefs sought for were declined
