JUDGEMENT :

BALVINDER SINGH, MEMBER (TECHNICAL)

1. The present appeal has been filed by the appellant under Section 421 of the Companies Act, 2013 impugning the order dated 16th August, 2017 passed by the National Company Law Tribunal (NCLT), Ahmedabad Bench, Ahmedabad in T.C.P. No.42/397-398/NCLT/AHM/2016 vide which the NCLT has held that there are not acts of oppression and mismanagement and disposed of the petition.

2. The brief facts of the case are that the 1st respondent company was incorporated in the name of Aman Prints Pvt Ltd on 8.3.1995 and its name was changed to Supriya Prints Pvt Ltd on 21.7.2005. The authorised, issued, subscribed and paid up capital of the 1st respondent company is Rs.1,75,00,000/- divided into 17,50,000 Equity Shares of Rs.10/- each. The appellants are collectively holding 5,83,275 Equity shares constituting 33.33% share capital in the 1st Respondent. 1st respondent company was promoted by Shri Natverlal R Giliwala and Shri Manish N.Giliwala. 5th and 9th Respondent took over the 1st respondent and were appointed as Directors of the company on 26.5.2005. 5th Respondent resigned as Director of 1st respondent on 10.11.2007.

3. 1st appellant was appointed