https://www.taxtmi.com/caselaws?id=279316 Board meeting notices and resolutions terminating a novation-cum-joint development agreement are examined against notice, quorum, director participation and the board's powers under the articles of association. Compliance with those requirements supports the validity of commercial decisions taken after considering contractual breach and termination provisions. A suspected statutory illegality in a board resolution does not, by itself, establish oppression or mismanagement; oppressive or prejudicial conduct must be shown. Company law remedies do not ordinarily displace bona fide board commercial judgment, particularly where contractual disputes are also subject to arbitration or related proceedings. en-us Tue, 14 Nov 2017 00:00:00 +0530 Mon, 03 Mar 2025 13:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279316 Board meeting notices and resolutions terminating a novation-cum-joint development agreement are examined against notice, quorum, director participation and the board's powers under the articles of association. Compliance with those requirements supports the validity of commercial decisions taken after considering contractual breach and termination provisions. A suspected statutory illegality in a board resolution does not, by itself, establish oppression or mismanagement; oppressive or prejudicial conduct must be shown. Company law remedies do not ordinarily displace bona fide board commercial judgment, particularly where contractual disputes are also subject to arbitration or related proceedings. Case-Laws Companies Law Tue, 14 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279316