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2012 (6) TMI 75 - HIGH COURT OF CALCUTTAMismanagement and oppression - donation of significant sums of money to Madhav Prasad Priyamvada Birla Apex Charitable Trust, who are the Chairman of the Board and his family/associates control the said trust and such donations in substance constitute siphoning of funds of the company to the HVL controlled trust - application to prevent further flow of funds to the said trust - Order of CLB - violation of the principles of natural justice. - Held that:- they did not get adequate opportunity of hearing. stay of operation of the impugned order
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