Wednesday 23 October 2013

Appellants can allege oppression against a co. if ties with co. as shareholder couldn't be fully ter

CL : Where appellants, heirs of a shareholder of respondent-company, had not received entire sum awarded in arbitration proceeding, they could file application alleging oppression and mismanagement, on cancellation of their shares in violation of statutory procedures and directions of arbitrators, as their connection with respondent-companies did not stand severed


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