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    <title>1994 (10) TMI 312 - COMPANY LAW BOARD, NEW DELHI</title>
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    <description>The petition was found maintainable despite challenges regarding additional shares and transfers. The proceedings were not stayed due to a withdrawn suit in the Calcutta High Court. Acts of oppression and mismanagement were established, including wrongful share transfers and issuance to dilute holdings. The petitioner was granted relief for share valuation as of March 31, 1993, with respondents ordered to purchase at determined value. Further reliefs were not granted initially, with the option to seek additional relief if necessary.</description>
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      <link>https://www.taxtmi.com/caselaws?id=194905</link>
      <description>The petition was found maintainable despite challenges regarding additional shares and transfers. The proceedings were not stayed due to a withdrawn suit in the Calcutta High Court. Acts of oppression and mismanagement were established, including wrongful share transfers and issuance to dilute holdings. The petitioner was granted relief for share valuation as of March 31, 1993, with respondents ordered to purchase at determined value. Further reliefs were not granted initially, with the option to seek additional relief if necessary.</description>
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