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2019 (8) TMI 1776 - AT - Companies LawOppression and Mismanagement - seeking to supersede the board of directors and reconstitute it and an administrator be appointed to oversee the affairs of the company - seeking to grant perpetual injunction restraining the respondents whether acting by its servants, agents, etc., from altering the share capital of respondent No. 1-company - seeking to grant mandatory injunction restraining the respondents to transfer business, sales, contracts, company resources and funds to the newly incorporated respondent No. 4-company - HELD THAT:- The petitioner failed to establish even prima facie case in support of alleged acts of oppression and mismanagement in the affairs of respondent No. 1-company. And respondent No. 1-company is admittedly a profit making company having several employees and conducting its affairs strictly in accordance with law. Learned counsel for the respondent submitted that the petitioner is being paid salary of ₹ 75,000 (rupees seventy five thousand only) per month plus car and free 4 BHK residential accommodation and he has assured on behalf of the company that the same will be continued as long as she is director of respondent No. 1-company. Therefore, the petitioner is not put to any hardship by respondent No. 1-company. The petitioner has failed to make out any case so as to exercise powers conferred on the Tribunal under section 242 of the Companies Act, 2013 - Petition dismissed.
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