https://www.taxtmi.com/caselaws?id=198372 The petition under Sections 397/398 of the Companies Act, 1956, alleging oppression and mismanagement in Silver Cloud Estates Private Limited was partially successful. The Company Law Board directed the company to offer the petitioners proportionate shares at par value to rectify the reduction in their shareholding caused by the allotment of shares without their participation. However, no order was issued regarding the non-election of the first petitioner as a director or the allegations concerning the affairs of the 11th respondent. No costs were awarded in the disposition of the petition. en-us Fri, 20 Apr 2001 00:00:00 +0530 Tue, 30 Jan 2018 10:14:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198372 The petition under Sections 397/398 of the Companies Act, 1956, alleging oppression and mismanagement in Silver Cloud Estates Private Limited was partially successful. The Company Law Board directed the company to offer the petitioners proportionate shares at par value to rectify the reduction in their shareholding caused by the allotment of shares without their participation. However, no order was issued regarding the non-election of the first petitioner as a director or the allegations concerning the affairs of the 11th respondent. No costs were awarded in the disposition of the petition. Case-Laws Companies Law Fri, 20 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198372