https://www.taxtmi.com/caselaws?id=199352 The Board found the respondents acted oppressively by issuing shares without offering them to the petitioners, reducing their shareholding. Petitioners were allowed to subscribe for additional shares to restore their 33% shareholding. The issue of the 1st petitioner's directorship was left to civil court, and the non-filing of statutory returns allegation was dismissed as all returns were filed. Petition disposed accordingly. en-us Fri, 29 Oct 2004 00:00:00 +0530 Mon, 26 Feb 2018 17:36:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199352 The Board found the respondents acted oppressively by issuing shares without offering them to the petitioners, reducing their shareholding. Petitioners were allowed to subscribe for additional shares to restore their 33% shareholding. The issue of the 1st petitioner's directorship was left to civil court, and the non-filing of statutory returns allegation was dismissed as all returns were filed. Petition disposed accordingly. Case-Laws Companies Law Fri, 29 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199352