A three-judge bench refused a finding of oppression over a FERA-driven rights issue, but moulded an equitable money remedy — the foundational Indian statement of what 'oppression' means under company law.
The Supreme Court's fullest modern restatement of the law of oppression — reaffirming that relief requires a continuous, deliberate course of unfair conduct, not isolated acts, in a dispute over the Baroda royal family's companies.