Issue of additional shares without knowledge of director and selling her property at low price is an

CL : Where respondent nos. 2 and 10, i.e., directors of respondent no. 1, company, passed a board resolution for additional allotment of shares at back of petitioner i.e. another director, representing minority shareholding, with motive to sideline her and they also sold property of respondent no. 1 company at throwaway price in favour of buyer connected with them, a case for oppression and mismanagement was clearly made out under sections 397 and 398 of 1956 Act