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Company Law Board

Yashovardhan Saboo vs Groz-Beckert Saboo Ltd. And Ors. (CLB)

October 22, 1992 3667 Views 0 comment Print

One of the tests of what constitutes ‘oppression’ within the meaning of Section 397 of the Act is to see whether the majority is taking an unfair advantage of their position as a majority. The second test is to find out whether in the exercise of the fiduciary power, the group concerned was attempting to destroy the existing majority or to create a new majority which did not exist previously.

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