CourtSupreme Court of India
Decision7 May 1981
CollectionCorporate & Commercial / M&A
FormatCRUX Case Note

The Crux

Share issues, director conduct and allegations of oppression require close attention to purpose, fairness and the actual effect of corporate action.

What the Court held

The Supreme Court examined the allotment of shares, director interests and oppression under the Companies Act in a dispute involving control of the company.

Why it matters

The case remains an important corporate-law authority on shareholder relations, board conduct and the boundary between legally permissible action and oppressive use of corporate power.

CRUX practice note

This note isolates the proposition most likely to matter in practice. The precise ratio, factual limits and subsequent treatment of the authority should always be checked against the judgment itself before professional reliance.

Official source

The link below is to the Supreme Court of India’s official website or judgment repository.

Official Supreme Court source Needle Industries (India) Ltd. & Ors. v. Needle Industries Newey (India) Holding Ltd. & Ors. — official court source The judgment text remains controlling. This CRUX note is an editorial summary for general information.

This Insight is for general informational purposes only and does not constitute legal advice.

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