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    <title>2015 (5) TMI 1117 - COMPANY LAW BOARD, CHENNAI BENCH</title>
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    <description>The petitioner sought injunctions to prevent removal as director and to continue duties related to Unit &#039;C&#039; of a company. The court found the petitioner&#039;s actions, including starting a consultancy service without approval and not assigning patents, breached fiduciary duty. The Extraordinary General Meeting (EGM) removal decision was deemed valid. As the petitioner was no longer a director, relief to carry out Unit &#039;C&#039; duties was denied. The petition was dismissed for failing to establish oppression or mismanagement, emphasizing shareholders&#039; supremacy in EGM decisions.</description>
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    <pubDate>Thu, 28 May 2015 00:00:00 +0530</pubDate>
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      <link>https://www.taxtmi.com/caselaws?id=193567</link>
      <description>The petitioner sought injunctions to prevent removal as director and to continue duties related to Unit &#039;C&#039; of a company. The court found the petitioner&#039;s actions, including starting a consultancy service without approval and not assigning patents, breached fiduciary duty. The Extraordinary General Meeting (EGM) removal decision was deemed valid. As the petitioner was no longer a director, relief to carry out Unit &#039;C&#039; duties was denied. The petition was dismissed for failing to establish oppression or mismanagement, emphasizing shareholders&#039; supremacy in EGM decisions.</description>
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      <pubDate>Thu, 28 May 2015 00:00:00 +0530</pubDate>
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