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Non-payment of commission to guarantor by promoter tantamounts to oppression: NCLT

May 15, 2019[2019] 105 73 (NCLT - Hyd.)

CL: Where petitioners and respondents were promoters of company and respondent failed to pay to petitioner guarantee commission for personal guarantee provided by them to bank to guarantee loan and also failed in repayment of unsecured loan, said acts of respondents were acts of oppression on part of respondents

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