Oppression and Mismanagement under the Companies Act, 2013.

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..... by Smt. Laly Joseph ('Petitioner') against M/s. Indo Asian News Channel Private Limited & 2 others alleging oppression and mismanagement in the affairs of M/s. Indo Asian News Channel Private Limited. The petitioner lady requested Respondent No. 2 and 3 to start a television news channel.The above company was incorporated. The facts of the case being that Petitioner was cheated upon an .....

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..... control of it. In the case of Thomas Vettom (V.J.) V. Kuttanad Rubber Company Limited (1991) held that:- "the complaint of minority shareholders in the conduct of the affairs of the Company will not, normally persuade a Court to interfere in the matter and it is only when the court has reliable information before it, where the majority acts are against the provisions of the Articles of Ass .....

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..... interest. The Tribunal ordered that the shareholding pattern of the Petitioner may not be altered to her disadvantage and it remain the same as at the time of the incorporation of the company. The fees of the valuation shall be paid by M/s. Indo Asian News Channel Private Limited to be decided mutually between the valuer and the aforesaid company. Although under the scheme of Companies Act, 19 .....

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