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 involved a company where the original founders, who initially held 100% of the shares, were reduced...