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    <title>2026 (9) TMI 1292 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL PRINCIPAL BENCH, NEW DELHI</title>
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    <description>Exclusion of a substantial shareholder from management and established economic participation in a quasi-partnership company may constitute oppression where it occurs without due process or justification. Vacation of a director&#039;s office for non-attendance requires proof that board-meeting notices were served; continued recognition as a director and the absence of evidence of data misuse or employee solicitation may negate allegations of wrongful competing conduct. Where pre-emption rights have substantially been invoked but a buyout remains incomplete, and shareholder groups seek mutual exit amid irreconcilable differences, a supervised inter se Swiss Challenge process may provide a fair and transparent share-purchase remedy under Section 242.</description>
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      <description>Exclusion of a substantial shareholder from management and established economic participation in a quasi-partnership company may constitute oppression where it occurs without due process or justification. Vacation of a director&#039;s office for non-attendance requires proof that board-meeting notices were served; continued recognition as a director and the absence of evidence of data misuse or employee solicitation may negate allegations of wrongful competing conduct. Where pre-emption rights have substantially been invoked but a buyout remains incomplete, and shareholder groups seek mutual exit amid irreconcilable differences, a supervised inter se Swiss Challenge process may provide a fair and transparent share-purchase remedy under Section 242.</description>
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