Wednesday, 14 October 2015

Act of removal of a shareholder without consideration to take over control of co. is oppressive

CL: Act of respondent shareholder and director of R1 company, putting petitioner i.e shareholder having 50 per cent interest in R1 company, to believe that he could get consideration to exit from company by entering into business separation agreement and conciously keeping him away from business of company and taking control of entire company, amounted to oppressive acts against petitioner

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