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Mere increase in share capital without any attempt to dilute shares of other members isn't an oppressive Act: NCLT

February 13, 2017[2017] 79 taxmann.com 36 (NCLT - Allahabad)/[2017] 201 COMP CASE 465 (NCLT - Allahabad)
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CL : Mere increase in share capital of company without any attempt to dilute shares of other members would not be oppression for purposes of section 397

CL : Where name of company was illegally changed, same would not amount to oppression or mismanagement unless it prejudicially affected interests of members of company

CL : Interest free loan raised by a director of company from his brother-in-law, was to be regarded as loan-in-trust, and not deposit

CL : Where acts of directors of company taken cumulatively amounted to oppression and mismanagement, instead of ordering liquidation of company and removal of directors, appropriate orders in interest of company could be passed

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