https://www.taxtmi.com/caselaws?id=278717 The court found in favor of the petitioner, holding that the respondents oppressed the petitioner and mismanaged the company. It declared the resignations of two directors as effective from the date tendered, rendering all post-resignation acts invalid. The court upheld the validity of the Memorandum of Understanding (MoU) and directed the company to comply with its terms. Non-compliance with statutory obligations was deemed oppressive and indicative of mismanagement. The court allowed the company petition to proceed, ordering the appointment of directors from both parties and changes to the registered office, while rejecting the winding-up request as unfairly prejudicial. en-us Wed, 26 Jun 2013 00:00:00 +0530 Mon, 18 Feb 2019 14:27:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278717 The court found in favor of the petitioner, holding that the respondents oppressed the petitioner and mismanaged the company. It declared the resignations of two directors as effective from the date tendered, rendering all post-resignation acts invalid. The court upheld the validity of the Memorandum of Understanding (MoU) and directed the company to comply with its terms. Non-compliance with statutory obligations was deemed oppressive and indicative of mismanagement. The court allowed the company petition to proceed, ordering the appointment of directors from both parties and changes to the registered office, while rejecting the winding-up request as unfairly prejudicial. Case-Laws Companies Law Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278717