https://www.taxtmi.com/caselaws?id=297127 The court held that Barooah did not vacate his directorship under section 283(1)(g) of the Companies Act, 1956, as alleged. The allotment of shares to Khaund was deemed mala fide, aimed at gaining control. Sections 397 and 398 were found applicable due to oppressive conduct towards Barooah. However, the order for Barooah to sell his shares was deemed unjust. The appeal was dismissed, declaring the share allotment illegal, appointing a special officer, and setting aside the share sale order. en-us Wed, 20 Feb 1974 00:00:00 +0530 Fri, 20 Aug 2021 15:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297127 The court held that Barooah did not vacate his directorship under section 283(1)(g) of the Companies Act, 1956, as alleged. The allotment of shares to Khaund was deemed mala fide, aimed at gaining control. Sections 397 and 398 were found applicable due to oppressive conduct towards Barooah. However, the order for Barooah to sell his shares was deemed unjust. The appeal was dismissed, declaring the share allotment illegal, appointing a special officer, and setting aside the share sale order. Case-Laws Companies Law Wed, 20 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297127