Section 397 was violated when Directors effected change in control and management violating Act using muscle power

COMPANIES ACT: Where to achieve their ends, Respondents group of Directors violated process laid down either in Companies Act or Articles of Association of Company and indulged in oppression of minority shareholders and effected change in control and management of Respondent Companyby their financial clout, muscle power and by adopting dubious methods, there was violation of section 397/398

from www.taxmann.com Latest Case Laws https://ift.tt/2N2myiD