TIN PLATE DEALERS ASSN. P. LTD. vs SATISH CHANDRA SANWALKA .

The Supreme Court addressed the appeals concerning the alleged oppression of minority shareholders under Section 397/398 of the Companies Act, 1956. The Court held that the actions taken by the Gupta Group, including the unauthorized increase of authorized capital and issuance of bonus shares without notice to the Sanwalka Group, constituted oppression. The Court affirmed the High Court's decision to allow the company petition, thereby protecting the rights of minority shareholders and ensuring compliance with corporate governance norms.