https://www.taxtmi.com/caselaws?id=101899 Equitable relief for oppression and mismanagement under the Companies Act, 1956 requires good faith, candour and compliance with obligations assumed in prior settlements. A petitioner who adopts inconsistent positions, challenges accepted arrangements or repudiates commitments may be denied discretionary relief. An agreement whose operation depends on obtaining exemptions under urban land ceiling law is a contingent arrangement under the Contract Act and cannot be enforced as a present binding obligation until the required contingencies are fulfilled. Parties may pursue settlement after obtaining necessary exemptions and, where appropriate, seek relief under the Companies Act. en-us Thu, 20 Apr 1989 00:00:00 +0530 Wed, 03 Dec 2025 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101899 Equitable relief for oppression and mismanagement under the Companies Act, 1956 requires good faith, candour and compliance with obligations assumed in prior settlements. A petitioner who adopts inconsistent positions, challenges accepted arrangements or repudiates commitments may be denied discretionary relief. An agreement whose operation depends on obtaining exemptions under urban land ceiling law is a contingent arrangement under the Contract Act and cannot be enforced as a present binding obligation until the required contingencies are fulfilled. Parties may pursue settlement after obtaining necessary exemptions and, where appropriate, seek relief under the Companies Act. Case-Laws Companies Law Thu, 20 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101899