Shri V.S. Krishnan & Ors vs M/S Westfort Hi-Tech Hospital Ltd. & Ors

The Supreme Court addressed appeals concerning alleged acts of oppression and mismanagement under Sections 397 and 398 of the Companies Act, 1956. The Court held that shareholders holding more than 1/10th of the issued share capital have the right to seek relief against oppressive conduct, emphasizing the need for fair management practices. The Court upheld the petitioners' claims for invalidation of certain corporate actions and the appointment of an administrator to oversee the company's affairs, thereby granting the appeals.