Oppression and mismanagement - issuance of fresh share capital - ...

Companies Law

June 2, 2022

Oppression and mismanagement - issuance of fresh share capital - the shareholding of the Petitioner was reduced rom 84% to 42%. - It is clear that the R1 Company was established by the 2nd Respondent with the help and investment of the petitioner. It is settled law that when a matter is before NCLT under Section 241-242 irrespective of what parties plead, say, or do, the paramount consideration of the Tribunal is to keep in view what is in the interests of the Company - this Tribunal finds it appropriate to get a valuation of the shares which may enable the Petitioner to leave the company with fair value and fair interest. - Tri

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Oppression and mismanagement - issuance of fresh share capital - ...

Companies Law

June 2, 2022

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