Non-transparent functioning amounts to oppression & mismanagement in affairs of company

COMPANY LAW BOARD, MUMBAI BENCH Pravin Jain versus Diastar Jewellery (P.) Ltd. Smt. Vimla yadav, MEMBER CP NO. 79 OF 2010 NOVEMBER 30, 2012 ORDER 1. In this order I am considering CP No. 79 of 2010 which has been filed under sections 397, 398, 402, and 111 of the Companies Act, 1956 (hereinafter referred to as ‘the Act’). 2. The R- I Company was incorporated in the year 1987. The R-I Company is primarily into manufacturing and export of gold and diamond jewellery and for the said purpose was allotted Gala No. G- 5 admeasuring 9500 square feet on rental basis in SEE...