https://www.taxtmi.com/caselaws?id=103172 Interlocutory relief restoring a joint managing director's powers may be refused where the company is board-managed and the challenged board resolutions are supported by prima facie material. The relevant assessment considers the validity and effect of resolutions reallocating managerial powers, the statutory framework for board delegation and managing directors, participation in board processes, and the balance of convenience. Courts should not intervene in day-to-day corporate management at the interim stage unless the resolutions are prima facie ultra vires the Companies Act or the company's memorandum or articles. Existing directions requiring compliance with board resolutions may therefore continue pending trial. en-us Tue, 13 Apr 1993 00:00:00 +0530 Tue, 21 Feb 2012 12:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103172 Interlocutory relief restoring a joint managing director's powers may be refused where the company is board-managed and the challenged board resolutions are supported by prima facie material. The relevant assessment considers the validity and effect of resolutions reallocating managerial powers, the statutory framework for board delegation and managing directors, participation in board processes, and the balance of convenience. Courts should not intervene in day-to-day corporate management at the interim stage unless the resolutions are prima facie ultra vires the Companies Act or the company's memorandum or articles. Existing directions requiring compliance with board resolutions may therefore continue pending trial. Case-Laws Companies Law Tue, 13 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103172