Case Law Analysis
|National Company Law Appellate Tribunal
Section 397-398 Companies Act | Estoppel Bars Oppression Claim If Party Consents to Share Allotment : NCLAT
NCLAT rules that shareholders who actively consent to private placements or share sales cannot later challenge the same transactions as oppressive under Sections 397-398 of the Companies Act, 1956. The judgment reinforces estoppel as a bar to oppression claims where parties have knowingly participated in the impugned transactions.