https://www.taxtmi.com/caselaws?id=97569 In oppression petitions the court must scrutinise any proposed compromise to ensure it is bona fide and in the company's interest; the court may accept or adapt parts of a settlement that regulate future conduct and protect the company while refusing provisions that extinguish company rights. Where allegations of misfeasance require possible investigation, the court may nonetheless decline a full remand if inquiry is inexpedient on the facts, but it must not approve an absolute exoneration of directors; such blanket releases are deleted and the compromise modified to preserve the company's right to litigate disputed credits and pursue liability, subject to limited concessions. en-us Thu, 20 Mar 1958 00:00:00 +0530 Tue, 17 Jan 2012 12:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97569 In oppression petitions the court must scrutinise any proposed compromise to ensure it is bona fide and in the company's interest; the court may accept or adapt parts of a settlement that regulate future conduct and protect the company while refusing provisions that extinguish company rights. Where allegations of misfeasance require possible investigation, the court may nonetheless decline a full remand if inquiry is inexpedient on the facts, but it must not approve an absolute exoneration of directors; such blanket releases are deleted and the compromise modified to preserve the company's right to litigate disputed credits and pursue liability, subject to limited concessions. Case-Laws Companies Law Thu, 20 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97569