Act of Managing Director of allotting shares to others at premium oppressive in nature

CL: Where R2 Managing Director of company allotted shares at par to himself and at premium to other members including petitioners and also didn't issued notice of any meeting to petitioners, and thus, denied opportunity to participate in affairs of company, same amounted to oppression and mismanagement

from www.taxmann.com Latest Case Laws http://bit.ly/2JlXdQV