NCLT Mumbai partially allowed a minority shareholder petition alleging oppression and mismanagement in Juliet Apparels Private Limited, a family-owned apparel company.
The Tribunal directed the company to allot shares to Petitioner No. 1 from an unsubscribed rights issue and allow the petitioner group to nominate a director to the board.
The Tribunal rejected key reliefs including reinstatement of a removed director and cancellation of disputed share transfers, citing lack of evidence for coercion.
Specific directions were issued for cash deposit, auditor review of personal expenses, and arm's length charges for trademark usage by related parties.