Minority shares Purchase without complying Companies Act is Oppression & Mismanagement: NCLAT

Gopakumar Nair Vs Obo Bettermann India Private Limited (NCLAT Delhi)

Purchase of minority shares without compliance to Companies Act amounts to oppression and Mismanagement: NCLAT Delhi

Summary: The National Company Law Appellate Tribunal (NCLAT), Delhi, in the case of Gopakumar Nair Vs. Obo Bettermann India Private Limited, ruled that the forced purchase of a minority shareholder’s equity without proper compliance with the Companies Act amounts to oppression and mismanagement. The dispute invol

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