Kamal Kumar Dutta & Anr vs Ruby General Hospital Ltd. & Ors

The Supreme Court addressed appeals arising from the Calcutta High Court's order regarding the oppression and mismanagement claims under Sections 397 and 398 of the Companies Act, 1956. The Court emphasized that minority shareholders have the right to seek relief against oppressive conduct and that the Company Law Board must ensure fair treatment in share allotment, particularly in cases involving NRI investments. The Court upheld the High Court's directive for the Reserve Bank of India to grant share allotment to Dr. Kamal Kumar Dutta, affirming the need for compliance with statutory provisions in corporate governance.