https://www.taxtmi.com/caselaws?id=193589 Unequal allotment of additional shares can amount to oppression where a board, though acting within formal powers, favours one shareholder group and excludes another without giving an equal opportunity, especially when the exclusion has continuing prejudicial effect. In this matter, the impugned allotment was treated as oppressive and was set aside in substance by directing equivalent shares to the petitioners. On the mismanagement allegations, a general investigation was refused because most claims lacked concrete material or related to past or commercial decisions, but the IMAX project and related investment raised a live issue of possible diversion of funds. Prasad Media Corporation Ltd. was impleaded for that limited controversy. en-us Thu, 01 Sep 2005 00:00:00 +0530 Tue, 08 Aug 2017 16:16:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193589 Unequal allotment of additional shares can amount to oppression where a board, though acting within formal powers, favours one shareholder group and excludes another without giving an equal opportunity, especially when the exclusion has continuing prejudicial effect. In this matter, the impugned allotment was treated as oppressive and was set aside in substance by directing equivalent shares to the petitioners. On the mismanagement allegations, a general investigation was refused because most claims lacked concrete material or related to past or commercial decisions, but the IMAX project and related investment raised a live issue of possible diversion of funds. Prasad Media Corporation Ltd. was impleaded for that limited controversy. Case-Laws Companies Law Thu, 01 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193589