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There were two groups of shareholders in a company, P and L. An agreement was made giving equal shares and control to a third party S. Later, P and L passed a resolution allotting new shares only to outsiders, excluding S. S alleged oppression. The court found no oppression as the majority is not bound to accept minority proposals and the new shareholders may support P and L for the company

Author

Priyanshi Vashishta

Language

EN