Stay abreast with the latest developments in the professional domain along with in-depth analysis through the monthly BCA Journal. Get access to an engaging library of researched publications from the BCAS stable.
Learn MoreExplore past issues of BCA Journal & indulge in a treasure trove of high-quality professional content across format of print, videos & learning events from the BCAS stable.
Learn More
1. Jayaben Shantilal Doshi vs. Ronak Dyeing Ltd.
183 taxmann.com 186 (NCLT – Mumbai Bench)
CP No. 200(MB) of 2023 | Decided: 4th February, 2026
Non-service of notices of general meetings to shareholders and sale of company property at an undervalued price both independently constitute acts of oppression and mismanagement under Section 241 of the Companies Act, 2013. Further, offer letters for a rights issue must be served on each shareholder individually, a director's deemed knowledge cannot substitute personal service on other shareholders.
Background: RDL was originally promoted by SDD, Kirti Kumar Vasa (KV), and the Sharma Group, each holding equal stakes. SDD died on 30.03.2013 and his shareholding was transmitted to the Petitioner in FY 2018–19. KV's group subsequently exited by transferring their shares to the Sharma Group, leaving the Petitioners as the only minority shareholders with 10.79% of the capital.
FACTS
The Petitioners filed a petition under Sections 241–242 of the Companies Act, 2013 alleging four distinct acts of oppression and mismanagement:
