ORDER

I. The Petitioners, Mr.Chekuri Sekhar and Mrs Chekuri Sujatha, (hereinafter referred as Petitioner No.1 and Petitioner No.2, respectively) who are Ex. Directors having11.25% and 20% shares, respectively in M/s Kinnera Cold Storage Private Limited (hereinafter called as Company), by filing the present petition have sought the intervention of this Authority to prevent oppression and mismanagement of the Company at the behest of its Directors and majority Share Holders i.e., Respondent No. 2 to 7.

II. Petitioner’s Case:

1. The Company/Respondent No.1 was incorporated on 20.05.1998 with primary objects for carrying business of cold storage units for preserving agricultural produce etc. in 1999 in Khammam town. After its establishment, the Company has been offering its cold storage facility to various farmers and traders in that region.

2. The Petitioner No.1, younger son of Mr. Chekuri Satyam Babu, was inducted as a member and director of the Company around the year 2009. It is claimed that since then he had spent considerable time and effort in building up the business of the Company, which had earned a lot of goodwill and reputation among the farmers and traders for the quality of