Monday, October 1, 2018

Oppression plea was to be rejected when respondent failed to prove allegations related to increase of share capital

CL: Where appellants had substantial shareholding in respondent company and they alleged that signatures of appellant1 obtained on blank papers in respect of some business dealings were misused, however, they failed to prove documents adverse to their claims to be false or forged, even calling for forensic evidence to testify genuineness of signature of appellant1 was not restored to, Tribunal was justified in dismissing oppression and mismanagement petition of appellants

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