https://www.taxtmi.com/caselaws?id=197518 Interim equitable relief may be refused where the applicant cannot show valid corporate authorisation, a subsisting contractual entitlement, and full candour. The Delhi High Court noted that a board resolution supported by short notice, no circulated agenda, and no proved quorum was prima facie insufficient to authorise the proceedings. It further found that the applicant had prima facie abandoned the contractual arrangement and breached its obligations by not taking meaningful steps to preserve or perform it. Suppression of a central communication on the applicant's own inability to proceed also weighed against relief, and the Court declined interim protection on equitable grounds. en-us Mon, 06 Jun 2011 00:00:00 +0530 Tue, 09 Jan 2018 13:01:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197518 Interim equitable relief may be refused where the applicant cannot show valid corporate authorisation, a subsisting contractual entitlement, and full candour. The Delhi High Court noted that a board resolution supported by short notice, no circulated agenda, and no proved quorum was prima facie insufficient to authorise the proceedings. It further found that the applicant had prima facie abandoned the contractual arrangement and breached its obligations by not taking meaningful steps to preserve or perform it. Suppression of a central communication on the applicant's own inability to proceed also weighed against relief, and the Court declined interim protection on equitable grounds. Case-Laws Companies Law Mon, 06 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197518