substantial
technological and financial assistance from Lesaffre however,
Muthu Group started acting oppressively to take over the powers of
::: Uploaded on - 31/10/2015 ::: Downloaded ... take control of SAF Yeast.
Muthu indulged in various acts of oppression and mismanagement
against Nafan in relation to SAF Yeast.
(viii) The Nominee Directors
Companies Act, 1956 ('the Act') alleging the following acts of oppression and mismanagement in the affairs of the company:
(a) exclusion ... petitioners from the management of the company would constitute an action of oppression in the affairs of the company. According to the petitioners, the second
Aanaam Private Limited (the company) have filed this petition alleging oppression and mismanagement in the affairs of the company. The company owns a hotel ... have, in breach of the principles of quasi partnership, acted in an oppressive manner against the petitioners holding 1/3rd shares in the company
dealing with grant of
relief in cases of oppression and mismanagement provides
that any member of a company, eligible in terms of Section ... Tribunal for an order
under Chapter XIV dealing with prevention of oppression
and mismanagement. Such member's complaint must be in
regard
sections 397 and 398 were not attracted and that there was no oppression of minority as contemplated by these provisions. According to the respondent ... present proceedings and cannot assist the petitioner in their case of 'oppression' by the majority shareholders within the meaning of section
Section 399 of the Act,is based inter alia, on allegations of oppression of the minority by themajority in the control of the management ... necessary to ensure that the necessaryprotection to the minority against any oppressive acts of the majority,should not be allowed to be misused
Companies Act, 1956 ("the Act") alleging the following acts of oppression and mismanagement in the affairs of the Company: -
(a) exclusion ... petitioners from the management of the Company would constitute an action of oppression in the affairs of the Company. According to the petitioners, the second
substantial
technological and financial assistance from Lesaffre however,
Muthu Group started acting oppressively to take over the powers of
::: Uploaded on - 31/10/2015 ::: Downloaded ... take control of SAF Yeast.
Muthu indulged in various acts of oppression and mismanagement
against Nafan in relation to SAF Yeast.
(viii) The Nominee Directors
substantial
technological and financial assistance from Lesaffre however,
Muthu Group started acting oppressively to take over the powers of
::: Uploaded on - 31/10/2015 ::: Downloaded ... take control of SAF Yeast.
Muthu indulged in various acts of oppression and mismanagement
against Nafan in relation to SAF Yeast.
(viii) The Nominee Directors
substantial
technological and financial assistance from Lesaffre however,
Muthu Group started acting oppressively to take over the powers of
::: Uploaded on - 31/10/2015 ::: Downloaded ... take control of SAF Yeast.
Muthu indulged in various acts of oppression and mismanagement
against Nafan in relation to SAF Yeast.
(viii) The Nominee Directors
