In this order I am considering Company Petition No. 149 of 2007 filed by M/s. Collyer Logistics International Ltd. (the Petitioner) under Sections 397, 398 and 402 of the Companies Act, 1956 against M/s. Collyer India Freight Forwarding Pvt. Ltd. & Ors. (the Respondents) alleging oppression and mismanagement.

2. M/s. Collyer India Freight Forwarding Pvt. Ltd. (R-1 Company) was incorporated on 02.05.2006 having its registered office at B-505, Ansal Chambers-I, Bhikaji Cama Place, New Delhi-66 with the authorized capital of Rs. 10,00,000/-divided into 1,00,000 equity shares of Rs. 10/- each. The issued, subscribed and paid up capital of the Company was Rs. 10,00,000 divided into 1,00,000 equity shares of Rs. 10 each. The main objects of the company are to carry on the business of cargo agents, cargo movers, freight forwarding of cargo and goods and to act as custom clearing, mercantile agents, consulting, freight contractors, liaising agents on all matters relating to shipping liners, air freight, warehousing, etc. The Petitioner (namely M/s. Collyer Logistics International Ltd., a foreign company, which is a member in R-1 Company) has sought declaration that the purported meetin