https://www.taxtmi.com/caselaws?id=112271 The High Court allowed the appeal, quashing the Company Law Board's order directing the appellants to purchase the respondent's shares. The court found no case of oppression proven by the respondent, emphasizing the importance of proving oppression for relief under sections 397 and 398 of the Companies Act. The judgment highlighted the need for specific circumstances to grant equitable relief and referenced case laws to support its decision. The High Court deemed the CLB's order unsustainable and perverse, stating that the directions to purchase shares were an abuse of process and contrary to the law. en-us Fri, 31 Aug 2007 00:00:00 +0530 Sun, 28 Dec 2014 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112271 The High Court allowed the appeal, quashing the Company Law Board's order directing the appellants to purchase the respondent's shares. The court found no case of oppression proven by the respondent, emphasizing the importance of proving oppression for relief under sections 397 and 398 of the Companies Act. The judgment highlighted the need for specific circumstances to grant equitable relief and referenced case laws to support its decision. The High Court deemed the CLB's order unsustainable and perverse, stating that the directions to purchase shares were an abuse of process and contrary to the law. Case-Laws Companies Law Fri, 31 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112271