https://www.taxtmi.com/caselaws?id=198071 The Tribunal found in favor of the petitioners, Mr. Vikram Bakshi and Bakshi Holdings Pvt. Ltd., in a case involving allegations of oppression and mismanagement by McDonald India and its nominee directors. It concluded that the non-reappointment of Mr. Bakshi as Managing Director, actions taken by nominee directors, and the exercise of a call option were oppressive and driven by mala fide intentions. The Tribunal granted various reliefs, including setting aside certain proceedings, restoring Mr. Bakshi's position, appointing an administrator, and restraining McDonald India from interference, to ensure fair management and protect the petitioners' interests. en-us Thu, 13 Jul 2017 00:00:00 +0530 Mon, 22 Jan 2018 14:41:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198071 The Tribunal found in favor of the petitioners, Mr. Vikram Bakshi and Bakshi Holdings Pvt. Ltd., in a case involving allegations of oppression and mismanagement by McDonald India and its nominee directors. It concluded that the non-reappointment of Mr. Bakshi as Managing Director, actions taken by nominee directors, and the exercise of a call option were oppressive and driven by mala fide intentions. The Tribunal granted various reliefs, including setting aside certain proceedings, restoring Mr. Bakshi's position, appointing an administrator, and restraining McDonald India from interference, to ensure fair management and protect the petitioners' interests. Case-Laws Companies Law Thu, 13 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198071