V.S. KRISHNAN vs M/S WESTFORT HI-TECH HOSP. LTD. .

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 can seek relief for oppression and mismanagement, affirming the need for proper governance and adherence to statutory provisions. The appeals were allowed, and the orders of the High Court were set aside, reinstating the petitioners' claims for relief.