Chandran Ratnaswami vs K.C. Palanisamy & Ors

The Supreme Court upheld the Company Law Board's order under Sections 397 and 398 of the Companies Act, directing the return of investments made by ORE and N. Athappan amounting to Rs. 79 crores with 8% interest due to acts of oppression and mismanagement by CG Holdings and its affiliates. The Court emphasized the need for compliance with the repayment schedule and prohibited the alienation of immovable properties until full payment was made. The judgment reinforces the principles of corporate governance and protection of minority shareholders' interests.