Shylendra Kumar, J.

This appeal under Section 10F of the Companies Act, 1956 [for short, the Act] by the persons who were petitioners in Company Petition No.51 of 1996, on the file of the Company Law Board, Principal Bench, Chennai, who had presented the petition under Sections 397 and 398 of the Act seeking for the relief in respect of the acts and oppressions complained against the management and majority shareholders of M/s MSP Plantations Private Limited, Bangalore, as the petition came to be dismissed in terms of the impugned order dated 30-9-1998 and being aggrieved by the dismissal of the petition.

2. It is urged in the memorandum of appeal that the Company Law Board has not taken into consideration the relevant aspects and materials which had been placed by the appellants-petitioners before the Company Law Board; that even without any worthwhile opposition to the company petition on the part of the respondents in the petition, Company Law Board has erroneously dismissed the petition; that the board has failed in its function in not taking into account and examining the various acts of mismanagement and oppression which had been committed by the majority sharehold