https://www.taxtmi.com/caselaws?id=268871 The court found the termination of the Foreign Collaboration Agreement (FCA) by the second respondent to be wrongful and vindictive, as it was done in breach of the agreement and against the company's interests. The court also deemed the appointment of directors by the second respondent as mala fide and not in the best interest of the company. Emphasizing the importance of compliance with statutory provisions, particularly Section 160 of the Companies Act, 2013, the court set aside the order and remitted the matter for fresh consideration, highlighting the need for detailed examination of the issues. en-us Tue, 29 Sep 2015 00:00:00 +0530 Tue, 01 Dec 2015 20:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268871 The court found the termination of the Foreign Collaboration Agreement (FCA) by the second respondent to be wrongful and vindictive, as it was done in breach of the agreement and against the company's interests. The court also deemed the appointment of directors by the second respondent as mala fide and not in the best interest of the company. Emphasizing the importance of compliance with statutory provisions, particularly Section 160 of the Companies Act, 2013, the court set aside the order and remitted the matter for fresh consideration, highlighting the need for detailed examination of the issues. Case-Laws Companies Law Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268871