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Shareholder Dispute: Alleged Secret Transfer and Forgery Leads to Claims of Oppression and Mismanagement in Company.
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....Oppression and mismanagement - member - When the Respondent No.1 being a shareholder with 25% shareholding at the time of incorporation and also being one of the founding Directors of the Company is admitted, it cannot be contended that he ceased to be a “member” upon reduction of his share capital and that too when the transfer of shareholding is alleged to be clandestine and product of fabrication and forgery....