Tin Plate Dealers Assn. P. Ltd. & Ors vs Satish Chandra Sanwalka & Ors

The Supreme Court addressed the appeals concerning the oppression of minority shareholders under Section 397/398 of the Companies Act, 1956. The Court held that the actions of the Gupta Group in increasing the authorized capital and allotting shares without notice to the Sanwalka Group constituted oppression, thereby infringing upon the rights of minority shareholders. The Court ordered the restoration of the forfeited shares to the Sanwalka Group, emphasizing the need for fair treatment of all shareholders in corporate governance.