CLB granted interim relief to petitioner as he proved act of oppression by interested directors

CL : Where petition was filed under section 397 alleging that allotment of shares of respondent company pursuant to resolution passed at Board Meeting was void as directors of respondent company were interested directors as they were also director of allottee company and were not entitled to vote on purported allotment of shares, same was in violation of provision contained in section 299 and said board meeting was not held by following due process of law