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NCLAT dismissed the appeal regarding oppression and mismanagement claims. The tribunal held that appellant's directorship ceased by operation of law, and termination of directorship does not constitute oppression under statutory provisions. The court rejected the doctrine of legitimate expectation for director reinstatement, emphasizing that procedural irregularities and directorship cessation do not automatically trigger relief under Sections 241 and 242 of the Companies Act. The appellants failed to substantiate claims of mismanagement, and the appeal was consequently dismissed without merit.
NCLAT dismissed the appeal regarding oppression and mismanagement claims. The tribunal held that appellant's directorship ceased by operation of law, and termination of directorship does not constitute oppression under statutory provisions. The court rejected the doctrine of legitimate expectation for director reinstatement, emphasizing that procedural irregularities and directorship cessation do not automatically trigger relief under Sections 241 and 242 of the Companies Act. The appellants failed to substantiate claims of mismanagement, and the appeal was consequently dismissed without merit.
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