Share allotment diluting majority shareholder held oppressive: NCLT Hyderabad cancels Rs 2.5 crore share allotment in MBG Commodities
“Section 242 casts a higher threshold on the petitioner to demonstrate that the affairs of the Company are being conducted in a manner oppressive to any member or prejudicial to the interests of the Company, or that circumstances exist warranting its winding up on just and equitable considerations.”