S.N.V.G. Logistics Shareholder Dispute Dismissed by NCLT

NCLT Mumbai dismissed a petition alleging oppression and mismanagement in S.N.V.G. Logistics filed by ex-director Sachin Natrajan.
Petitioner claimed forced transfer of his 50% shares for Rs 50,000, but tribunal found no evidence of coercion or intimidation.
A valuer appointed by the tribunal determined the company's shares had a negative fair value as of the transfer date in January 2023.
Tribunal noted the petitioner had set up a competing business and owed money to the respondent company, undermining his claims.