https://www.taxtmi.com/caselaws?id=360170 Oppression and mismanagement allegations require proof of actionable misconduct. Registered sale consideration may be treated as the relevant benchmark where claims of undervaluation are unsupported and comparisons involve properties with differing locations or survey particulars. Director disqualification under the statutory provision discussed operates as a bar on appointment in another public company, rather than disqualifying existing directors of the same company. A managing director's appointment may imply directorship, and the articles of association may authorise property sales where the board has imposed no restraint. On these grounds, allegations of unlawful property sales and mismanagement failed. en-us Fri, 29 Dec 2017 00:00:00 +0530 Thu, 10 May 2018 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360170 Oppression and mismanagement allegations require proof of actionable misconduct. Registered sale consideration may be treated as the relevant benchmark where claims of undervaluation are unsupported and comparisons involve properties with differing locations or survey particulars. Director disqualification under the statutory provision discussed operates as a bar on appointment in another public company, rather than disqualifying existing directors of the same company. A managing director's appointment may imply directorship, and the articles of association may authorise property sales where the board has imposed no restraint. On these grounds, allegations of unlawful property sales and mismanagement failed. Case-Laws Companies Law Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360170