Writing off dues of foreign company without involving shareholders tantamounted to oppressive

CL : Where respondent No. 2 had written off dues recoverable by respondent company from Diaster Inc. of USA which was family held company managed by respondent No. 2 and had excluded his brother i.e., appellant, from management and affairs of respondent company although he held more than 50 per cent shares in company, action of respondent was oppressive of appellant-shareholders and respondent was guilty of oppression and mismanagement

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