https://www.taxtmi.com/caselaws?id=194996 The court allowed the application under Sections 397/398 of the Companies Act, recognizing acts of oppression by majority shareholders. It directed appellants to sell their shares to respondents at a value determined by a Chartered Engineer. The judgment highlighted issues of corporate governance, shareholding disputes, and equitable remedies under the Companies Act, emphasizing the court's power to lift the corporate veil to address mismanagement and oppression. No costs were awarded in the case. en-us Fri, 18 Sep 1998 00:00:00 +0530 Tue, 10 Oct 2017 18:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194996 The court allowed the application under Sections 397/398 of the Companies Act, recognizing acts of oppression by majority shareholders. It directed appellants to sell their shares to respondents at a value determined by a Chartered Engineer. The judgment highlighted issues of corporate governance, shareholding disputes, and equitable remedies under the Companies Act, emphasizing the court's power to lift the corporate veil to address mismanagement and oppression. No costs were awarded in the case. Case-Laws Companies Law Fri, 18 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194996