Director's Dilemma in Minority Shareholder Oppression

Arjun is a director of XYZ Ltd. He has been instrumental in growing the company's revenues but has been using his position to unduly benefit himself and his friends who own a majority stake in the company. He's been siphoning off funds meant for the company, not paying dividends to minority shareholders, and even appointing his friends in key positions. Arjun's actions have significantly reduced the value of minority shareholder's shares, causing them to suffer considerable financial losses. What legal remedy would the minority shareholders be entitled to under the Companies Act, 2013, for these oppressive actions?