HC quashes CLB's order of replacing board with an administrator as there was no merit in oppression

CL: Where even though CLB had passed impugned order appointing administrator to oversee affairs of company to protect interest of both parties, in order to achieve said object, order replacing Board of Directors was too harsh as even though allegations of non-convening meetings were made, material on record showed that meetings were convened and appellant/respondent had already made a substantial investment in company