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Mere adding an additional signatory to a bank account cannot be claimed to be an act of oppression

October 15, 2020[2020] 120 taxmann.com 190 (NCL-AT)
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COMPAMY LAW : Appointment of an Additional Director in absence of a minority shareholder does not amount to oppression and mismanagement under Companies Act, 2013 and further merely adding an additional signatory to a bank account cannot be claimed to be an act of oppression, hence, where petitioner minority shareholder of company failed to make out case that affairs of company were conducted in a manner prejudicial or oppressive to petitioners or to company, oppression and mismanagement petition filed by them was to be dismissed

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