https://www.taxtmi.com/caselaws?id=108414 A solitary shareholder cannot use a winding-up petition as a substitute for statutory remedies for oppression or mismanagement where no commercial insolvency or other special ground is shown; the petition is therefore not maintainable. The Company Court will also not displace a board's commercial judgment on the sale of company assets when the decision has general body approval and is taken within the statutory framework, unless illegality, fraud, bad faith, or lack of authority is proved. The commentary emphasises judicial restraint in internal corporate management and rejects court-directed substitution of an alternative bidder in such matters. en-us Thu, 13 Feb 2003 00:00:00 +0530 Sat, 31 Mar 2012 13:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108414 A solitary shareholder cannot use a winding-up petition as a substitute for statutory remedies for oppression or mismanagement where no commercial insolvency or other special ground is shown; the petition is therefore not maintainable. The Company Court will also not displace a board's commercial judgment on the sale of company assets when the decision has general body approval and is taken within the statutory framework, unless illegality, fraud, bad faith, or lack of authority is proved. The commentary emphasises judicial restraint in internal corporate management and rejects court-directed substitution of an alternative bidder in such matters. Case-Laws Companies Law Thu, 13 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108414