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Companies Law - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Oppression and Mismanagement - minority shareholders - There was ...

Companies Law

December 2, 2022

Oppression and Mismanagement - minority shareholders - There was no alternative except liquidation or revival of company through other modes including sale of assets to other entity who could revive the company - not taking consent of the Appellants cannot be construed as act of oppression by majority shareholders especially keeping in view that the sale of the assets of the company was for the benefits of all stakeholders including shareholders and the company itself. - AT

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