NCLT Mumbai allowed a company petition filed by Dipak Parekh against Metachem Pvt Ltd for oppressive conduct by other directors.
Tribunal set aside fraudulent surrender of tenancy rights in Sabari Office property and illegal share allotment diluting petitioners' stake.
Directed respondents to buy out petitioners' shares at fair valuation and restore company's tenancy rights in key property.
Found acts including unauthorized asset transfers, exclusion from meetings, and rights issue designed to wrest control constituted oppression.