https://www.taxtmi.com/caselaws?id=98758 Exclusion of a participant from management in a quasi-partnership company may justify winding up on the just and equitable ground, even if the removal from the board is formally lawful, because such exclusion can amount to an abuse of power and a breach of mutual good faith. The oppression allegation failed: complaints about pricing, alleged cross-subsidy to another business, and refusal to proceed with a lease sale were examined separately, but the pricing allegation was unproved, the subsidy allegation lacked proof of substantial loss, and the lease-sale refusal was treated as an isolated incident rather than a continuing oppressive course. Winding up was supported, but statutory oppression was not established. en-us Sun, 14 Jun 1970 00:00:00 +0530 Sat, 21 Jan 2012 18:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98758 Exclusion of a participant from management in a quasi-partnership company may justify winding up on the just and equitable ground, even if the removal from the board is formally lawful, because such exclusion can amount to an abuse of power and a breach of mutual good faith. The oppression allegation failed: complaints about pricing, alleged cross-subsidy to another business, and refusal to proceed with a lease sale were examined separately, but the pricing allegation was unproved, the subsidy allegation lacked proof of substantial loss, and the lease-sale refusal was treated as an isolated incident rather than a continuing oppressive course. Winding up was supported, but statutory oppression was not established. Case-Laws Companies Law Sun, 14 Jun 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98758