Non-declaration of dividend & director changes not Oppression & Mismanagement: NCLAT Delhi

Venus Petrochemicals (Bombay) Private Limited Vs Sunil M. Thakkar (NCLAT Delhi)

In the case of Venus Petrochemicals (Bombay) Pvt. Ltd. & Ors. Vs. Sunil M. Thakkar & Ors., the National Company Law Appellate Tribunal (NCLAT), New Delhi, was tasked with addressing issues related to alleged oppression and mismanagement within a family-owned company. The case revolved around the non-declaration of dividends and the appointment/removal of directors, with the respondents claiming these actions constituted oppression and mismanagement under Sections 241 an

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