Vinod Kumar vs M/S. Singmalon Equipment Pvt. Ltd.& Ors

The Supreme Court addressed a dispute under Section 397 and 398 of the Companies Act, 1956, concerning allegations of oppression and mismanagement by minority shareholders. The Court held that the High Court's decision to change the valuation date from 31.3.1998 to 31.3.2005 was inappropriate, as it disregarded the circumstances surrounding the case. The Court directed that the valuation should reflect the situation as it existed at the time of the original petition, thereby reinstating the earlier valuation of Rs.2044 per share and ensuring the appellant receives due payment for his shares and salary arrears.