https://www.taxtmi.com/caselaws?id=97592 A parent-controlled subsidiary may be treated as suffering oppression where control is used to divert business, restrict supplies, and leave minority shareholders without effective protection. Passive acquiescence by nominee directors, concealment of material facts, and failure to protect the subsidiary's interests can form part of the conduct of the company's affairs. Section 210 was construed broadly to address such burden, harshness, and wrongful conduct. A buyout order directing purchase of the minority shares at petition-date value was upheld as an appropriate remedy, and the fixed valuation disclosed no error of principle. en-us Thu, 24 Jul 1958 00:00:00 +0530 Tue, 17 Jan 2012 13:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97592 A parent-controlled subsidiary may be treated as suffering oppression where control is used to divert business, restrict supplies, and leave minority shareholders without effective protection. Passive acquiescence by nominee directors, concealment of material facts, and failure to protect the subsidiary's interests can form part of the conduct of the company's affairs. Section 210 was construed broadly to address such burden, harshness, and wrongful conduct. A buyout order directing purchase of the minority shares at petition-date value was upheld as an appropriate remedy, and the fixed valuation disclosed no error of principle. Case-Laws Companies Law Thu, 24 Jul 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97592